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2/24/2021 3:49 pm  #1


ELECTRONICS RETAILER FRYS GOES OUT OF BUSNESS. 36 YEARS.

We got a lot of videos there and at one time it was the place to go to get computer stuff
In the last couple of years the shelves were empty and the company kept denying they were going out of business way before the pandemicFry's Electronics To Close Concord, All Remaining U.S. Stores
The company founded in Silicon Valley nearly 36 years ago cited challenges brought on by the coronavirus pandemic.


    Maggie Fusek, Patch Staff
    Posted Wed, Feb 24, 2021 at 1:21 pm PT|Updated Wed, Feb 24, 2021 at 1:43 pm PT

Normal operations were ceased Wednesday at the Fry's Electronics store at 1695 Willow Pass Road in Concord and 30 other U.S. stores.

CONCORD, CA — Fry's Electronics announced the permanent closure of all its stores, including the one here in Concord at 1695 Willow Pass Road.

In a statement issued early Wednesday, the company cited changes in retail and the challenges brought on by the coronavirus pandemic as reasons for the shutdown.

"After nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals across nine states and 31 stores, Fry's Electronics, Inc. ('Fry's' or 'Company'), has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the Covid-19 pandemic. The Company will implement the shutdown through an orderly wind-down process that it believes will be in the best interests of the Company, its creditors, and other stakeholders."

Fry's Electronics was founded in 1985 right here in the Bay Area, in the Silicon Valley city of Sunnyvale. In addition to Concord, the high-tech retailer had stores in Sunnyvale, Fremont and San Jose. Its Campbell store closed in November.

The company said normal operations were ceased as of Wednesday at all 31 Fry's Electronics locations across nine U.S. states but the statement did not include an exact date for store closures.

Wednesday, the company initiated an "orderly wind-down process" through which it aims to "reduce costs, avoid additional liabilities, minimize the impact on our customers, vendors, landlords and associates, and maximize the value of the Company's assets for its creditors and other stakeholders."

In the meantime, the company said:

— Customers who have equipment currently being repaired can email customerservice@frys.com to arrange for the return of their equipment;

— Customers with items needing repair under a Performance Service Contract can call 800-811-1745; and

— Consignment vendors needing to pick up their consignment inventory at Fry's locations can email omnichannel@frys.com.

   

 


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