Fry’s Electronics shutting down, blames Covid and changing retail market
After 36 years in business, Fry’s Electronics closed all of its remaining 31 stores in nine states overnight, including three in the Houston area, blaming a double whammy of changes in the retail business and the effects a year of operating during a pandemic.
The San Jose, California-based company said it will begin a wind-down process on Feb. 24.
“It is hoped that undertaking the wind-down through this orderly process will reduce costs, avoid additional liabilities, minimize the impact on our…