https://www.mercurynews.com/2019/09/10/frys-tries-to-quell-rumors-of-its-demise-as-customers-worry-about-empty-shelves/
1 reply
Most useful tidbit from that piece:
In response to inquiries by this news organization, a spokesman for the San Jose-based retailer said Tuesday that the company is ‘converting most of its suppliers to consignment,’ and that its shelves will be restocked over the next few weeks.
A DDG news search results in two more articles:
https://duckduckgo.com/?q=is+fry%27s+electronics+going+out+of+business&iar=news&ia=news
https://venturebeat.com/2019/09/10/frys-electronics-isnt-restocking-goods-in-multiple-stores/amp/
There are rumors that Fry’s will shut down its stores.
But the company says that isn’t true. Manuel Valerio, spokesman for Fry’s, said in an email:
We are in the process of re-ordering product and restocking shelves. More product in all stores in next few weeks. Fry’s is not liquidating. And products ordered online are now shipped to customers directly from their local stores.
Fry’s is not going out of business or closing any stores (except Palo Alto, California in January 2020, due to lease expired). No plans to close any other stores.”
As to the shortage of goods in the stores, Valerio said, “We’re responding to the competitive retail market, and are working to deliver popular, in-demand products to our customers in a timely manner. Thus restructuring our inventory and staffing adjustments in order to be agile and prepared for upcoming holiday shopping.”
Another result is a ABC affiliate short video: https://abc7news.com/amp/business/frys-electronics-denies-its-closing-despite-empty-shelves/5532210/
Too bad no one asked why Fry’s Electronics is selling beds now, why staff is not informed what is happening, or about their online strategy like updating their 2001-era website. PR person probably just trying to keep remaining employees scurrying the sinking ship. Better get your résumés if you still work there.