Going out of business notice free via Frys.com
#1
CAG Veteran
Posted 24 February 2021 - 10:32 PM
#2
Infamous
Posted 24 February 2021 - 10:52 PM
Ha wow, not surprised TBH. Of the few times I've been to one, I was never impressed by the outlandish footprint of "stuff".
#3
Artist formally known as dgwillia
Posted 24 February 2021 - 11:08 PM
Sucks for the employees though
#4
A Damn Fine Cup of Coffee
Posted 24 February 2021 - 11:10 PM
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#5
CAGiversary!
Posted 24 February 2021 - 11:21 PM
#6
CAGiversary!
Posted 24 February 2021 - 11:21 PM
I only got to go once while I was in Texas for business. It was pretty awesome, but that was over 10 years ago.
#7
Bang, bang... pew...
Posted 24 February 2021 - 11:41 PM
Like everyone else, the one near is basically staff by family or members of, what I'd guess, is the GM's family. There are literally 20-30 employees just walking around a huge store with 5-10 customers.
Sucks, even now and then they had decent deals on electronics but overall, they were a non-factor in recent years.
#8
Posted 24 February 2021 - 11:51 PM
So are their stores still open? Selling stuff for cheap?
**EDIT** Stores just closed. I guess they are sending merch back to the companies?
#9
CAGiversary!
Posted 25 February 2021 - 12:22 AM
Last time I went to mines it seemed like a ghost town, like half the store was empty, no customers, had to hunt down employees, and most of the merchandise seemed outdated or off brand.
Sucks for the employees though
I’m pretty sure you just described KMart.
#10
CAGiversary!
Posted 25 February 2021 - 12:29 AM
#11
CAG Veteran
Posted 25 February 2021 - 12:32 AM
At least Circuit City had the dignity to have months of massive liquidation sales. Fry’s just stayed open for three years until they sold the majority of their merchandise at MSRP and then locked the door.
So are their stores still open? Selling stuff for cheap?
**EDIT** Stores just closed. I guess they are sending merch back to the companies?
Fry's switched to a mostly consignment model a while back. tl;dr since then they've no longer purchased most of their inventory, as retailers usually do. Instead, they were only paying suppliers if and when products sold. https://www.ocregist...t-for-how-long/
I'd take it that means there's not much to liquidate, since most of the product is just going to get sent back to suppliers.
#12
CAGiversary!
Posted 25 February 2021 - 12:42 AM
At least Circuit City had the dignity to have months of massive liquidation sales. Fry’s just stayed open for three years until they sold the majority of their merchandise at MSRP and then locked the door.
Frys has been barely hanging on for a few years now. In the last couple of years they switched from a standard model of buying product and selling it, to instead only stocking merchandise via consignment. This would mean they were at the mercy of vendors, and if they thought a store wasn't going to sell product, or didn't trust them to pay for the product, then stores would have fewer items to stock. This also means that they have no merchandise to liquidate, it's all going back to whoever put it on Frys shelves. So stores that haven't had much of any stock, or that had a lot of cheap, off-brand looking things just weren't doing enough business to keep getting items.
#13
A Damn Fine Cup of Coffee
Posted 25 February 2021 - 12:58 AM
#14
CAGiversary!
Posted 25 February 2021 - 02:03 AM
#16
CAGiversary!
Posted 25 February 2021 - 02:19 AM
Fry's switched to a mostly consignment model a while back. tl;dr since they they've no longer purchased most of their inventory, as retailer usually do. Instead, they were only paying suppliers if and when products sold. https://www.ocregist...t-for-how-long/
I'd take it that means there's not much to liquidate, since most of the product is just going to get sent back to suppliers.
That’s correct, also they stopped carrying name brand TVs and audio equipment. Not a whole lot you’d want to buy if they could do a liquidation. Mine was mostly filled with as seen on tv products.
#17
Henshin A Go-Go Baby!
Posted 25 February 2021 - 02:27 AM
Well, it takes a long time for companies like this to actually belly up. Like Radio Shack and Circuit City, failing retailers typically are already "dead" years before they really fold up. Frys is just another in a long line of them.
#18
Corporate Shill
Posted 25 February 2021 - 02:31 AM
#19
CAGiversary!
Posted 25 February 2021 - 03:22 AM
Up until a few years ago the Frys by me was an excellent store. But they'd been noticeably going downhill and even though I work just a half mile away, I hadn't been in there for over a year.
Comp USA
Circuit City
Incredible Universe
Frys
#20
CAG Veteran
Posted 25 February 2021 - 06:25 AM
Epson 8350 projector on BF
Martin Logan Dynamo 300 sub (still use it)
Martin Logan Depth I sub (still use it)
Klipsch surround sound speakers
Klipsch reference subwoofers
PC parts
Cases
Graphic cards
PC accessories
65" Plasma TV for $2400 back when they sold them
Dozens of Blu-rays... Prob 50-60 (still have them)
MadCatz Tournament Edition Fightsticks (still use them)
Remote control helicopters
And more stuff. Especially the Almond Roca chocolate. That thing was like cocaine.
#21
Artist formally known as dgwillia
Posted 25 February 2021 - 06:49 AM
I’m pretty sure you just described KMart.
K-Mart atleast still looked functional. This was much worse, like 50%+ of the store was literally just empty. And there were boxes everywhere. And this was like more than a year ago
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#22
CAGiversary!
Posted 25 February 2021 - 10:01 AM
I got a 4TB Xbox drive from them in 2018. That couldn’t have been on consignment. Also wtf consignment? That’s like for old furniture and Knick knacks. How could they have possibly thought that would work.
I don't think the switch to consignment happened until late 2019. They still weren't doing too great before that, but 2019 was really the year where it all just went south. The fact they held on as long as they did in 2020 is amazing.
#23
Posted 25 February 2021 - 12:57 PM
Up until a few years ago the Frys by me was an excellent store. But they'd been noticeably going downhill and even though I work just a half mile away, I hadn't been in there for over a year.
Comp USA
Circuit City
Incredible Universe
Frys
H.H. Gregg
Radio Shack
#24
Posted 25 February 2021 - 02:02 PM
They're blaming COVID but other personal electronics retailers have made a killing during COVID. Demand for home office equipment, printers, ink, computers, etc have exploded with so many people working from home. Home entertainment has also exploded.
#25
CAG Veteran
Posted 25 February 2021 - 02:06 PM
They're blaming COVID but other personal electronics retailers have made a killing during COVID. Demand for home office equipment, printers, ink, computers, etc have exploded with so many people working from home. Home entertainment has also exploded.
Basically. Ya they just didn't keep up with the times and went the way of many others before them. Best buy made a killing in covid-19 2020.
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#26
Posted 25 February 2021 - 03:35 PM
Basically. Ya they just didn't keep up with the times and went the way of many others before them. Best buy made a killing in covid-19 2020.
Exactly. If they weren't poorly managed, they would have to. Them blaming COVID for their demise is just inaccurate
#27
A Damn Fine Cup of Coffee
Posted 25 February 2021 - 04:08 PM
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#28
CAGiversary!
Posted 25 February 2021 - 04:27 PM
Thats sad, loved that store, just wandering through so much to look at, kid in candy store for nerds. I really hate the fact where we are doing buying everything online, cant touch or feel it, see if you like it, then have to send crap back, sucks.
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#29
CAGiversary!
Posted 25 February 2021 - 05:10 PM
I only went to Fry's once or twice a year, but it was nice having a B&M store for PC parts. I was hoping to build a new PC sometime this year too. Now, I'll have to travel a little bit further when I want parts and go to Microcenter.
#30
CAGiversary!
Posted 25 February 2021 - 06:02 PM
Lived by Fry's for a decade. It was fun to swing by and grab a few great deals on clearance Xbox-era games and look at the selection. Loved the themes they did too like
old timey store for oldest operating location
and space in Houston
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