Fry’s Electronics Closed Two Stores During Holidays

My last video about Fry’s Electronics was
the Campbell store on Black Friday having enough crap on the shelves to look like a
dollar store. Never mind that a dollar store would have
a much better selection. There were three updates since then, two involving
store closings. The Palo Alto store closed on Friday, December
27, 2019, as expected with the building lease expiring by February 2020. The San Francisco Chronicle had all but called
B.S. on Fry’s business model going into the New Year. As reported by the Atlanta Journal-Constitution,
the Duluth, Georgia, store closed after Thanksgiving without any warning. Is this the beginning of the end for Fry’s
Electronics? (cinematic music) That the Palo Alto store closed at the end of December wasn’t a surprise. The announcement came in late August that
the building, a former cannery built in 1918, and the surrounding neighborhood would become
a mixed development. That same announcement prompted people to
visit their local store and report the barren shelves on social media, starting the flood
of speculation that the 35-year-old chain would close after the holidays. Press coverage was mostly “nothing to see
here, move along” for the last four months. That changed this week when the San Francisco
Chronicle questioned the consignment model as management continued to deny that the company
was going out of business. While the author had all but called B.S. on
how management ran the company, the article didn’t offer any new insights regarding
the chain’s future. The Atlanta Journal-Constitution last night
reported on a one-month-old blog post by Tomorrow’s News Today that the Duluth store closed after
Thanksgiving without any warning. That store haven’t received new inventory
since October and old inventory went to nearby stores prior to closing. The blog post also noted that “[o]ther reports
indicate the entire chain will close by February 2020.” The author might be referring to the Palo
Alto store closure. I haven’t seen any reports that the chain
itself will shut down soon. The Duluth store closing may represent how
management will close stores in 2020. Please comment, like and subscribe, and click
on the notification bell to see more videos like this. Thank you for watching! (cinematic music)

4 comments on “Fry’s Electronics Closed Two Stores During Holidays”

  1. Jay Santos says:

    I went to the Burbank, CA store a couple of weeks ago and they have nothing with regards to new computers. The only computers they sell are refurbished. They have no motherboards. Maybe 2 or 3 cpus. Look at their sale ads. Everything is either refurbished or things you can buy at Target or As Seen On TV. Fry's is done for.

  2. C.D. Reimer says:

    A last minute update about the Duluth store that I didn't include in the video since the Duluth store closing was already a last minute update. The shopping center developer sold the store location for $18,000 USD on November 4. 2019, to become the future home of a pre-owned car dealership.

  3. C.D. Reimer says:

    Message from Fry's Electronics: "Hi CD, we appreciate your interest in the company! We have no plans to close down our business as we transition to this new consignment model. As you noted, Palo Alto's lease expired with no option to renew. For Duluth, we determined we were over stored in that market. ^Billy"

  4. taoist40 says:

    Google Fry’s electronics closing. The first thing you see is the sentence: Fry’s Electronics will be closing all stores by January 20, 2020. No article and nothing to say this is true or not. Just thought I would let you know.

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