Fry’s Electronics has finally shut down. At the stroke of midnight on Wednesday, February 24, 2021, the website made it official with a front-page memo. After 36 years in business, Fry’s Electronics ceased operations for 31 stores in nine states. Management blamed online shopping and COVID-19 for this sudden but not unexpected shutdown.
But online shopping and COVID-19 didn’t kill this zombie retailer.
An earlier announcement took place the day before. Planning documents filed with the city would turn the San Jose headquarters store into a tech campus. If you watched my previous videos, real estate deals resulted in store closures in the last 18 months. This real estate deal was so big that it shut down the entire company.
Read more “The REAL ESTATE DEAL That SHUT DOWN Fry’s Electronics”