Fry’s Electronics Goes Out of Business - Abruptly

Fry’s Electronics has called it quits after being in business for nearly 36 years.

The family-owned electronics and technology chain confirmed in a statement on its website that it is going out of business and closing its 31 stores, saying that it 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.” Fry’s said it ceased regular operations and began the wind-down process on Feb. 24. Its website now only features the closing message.

“It is hoped that undertaking the wind-down through this orderly process will 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,” Fry’s stated.