Thread regarding Fry's Electronics layoffs

I wonder how long will take for this site to be pulled out. All negative rumors from anonymous posts.

Who made it official? Where and when was this announced?

The official word is out that Fry's is changing their business model similar to staples and office depot. Vendors will use Fry's locations to offer their products on a consignment basis. More power to the consumers? will see how prices goes, I'm hoping for good deals!

I have always liked Frys. Over the years I have purchased several computer systems, software, TVs cameras, electronic components, soldering irons, tools and countless cables and adapters. I stopped at the San Marcos store look at Computer monitors last week, There were only 3 on display, none of which was what I was looking for. Many of the shelves were empty. Usually I would pick up batteries and computer paper, but there was little to be found. I like to physically see what I am buying rather than buy online, but Frys has little to see. Sad to see the situation, but customers will not go to a store when they will not find what they are looking for. At least online you can almost always find what you want, if the quality is questionable.

Associates and Store Managers are told only the same things the official spokesperson (whoever that guy is) have stated.

In fact, as a slap in the face, media is fed lines while the company withholds any communication to the stores.

Company just had its quarterly financial meeting with 0 mention of what the plan for Black Friday is, for example. From directors to corporate to Store Managers, no one is told anything.

Associates are fed BS lines and that's why you hear them repeating BS like trade wars or new products soon as of like months ago which never panned out. Dont blame them they dont know.

If you really want an answer email or call John or Randy Fry. They have two people below them that run the two remaining districts that probably know the master plan, but other then them thats it.

Not sure what you expect from sales associates and even store management since they're not being told anything, either.

Fry's has been saying for a few months that they're inventory issues are:

• Due to the Trump Trade War w/ China(™©® of Fry's Electronics) while other retailers are fully stocked
• They are constantly 4 weeks away from getting new inventory
• A month or so ago they announced switching to a consignment-based business model (yeah, um no, ain't no suppliers gonna agree to that on low-margin and quickly depreciating items like electronics and bear all the associated risks)

In short, they're clearing everything out at full price, probably coasting to Black Friday to get rid of bigger ticket items like appliances, TVs, etc., around then, and avoiding the overhead of full headcount as well as the costs of using an official liquidation company.

This is likely the final chapter for Fry's Electronics. It's doubtful that any of the locations will be open by beginning of the new year given the rumors of cash flow problems and running months behind in debt payments to suppliers. "C'est la vie" for typical B&M retailers that don't adjust to changing consumer habits and the competitive marketplace that is retail sales.