Fry’s Partially Blames COVID-19 ‘Challenges’ for Permanent Shutdown
Fry’s Electronics attributed the “difficult decision” to shut permanently to “changes in the retail industry” and the “challenges” of the COVID-19 pandemic. Fry’s at its peak ran 31 stores in nine states, said the retailer. It will implement the shutdown…
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“through an orderly wind down process that it believes will be in the best interests of the Company, its creditors, and other stakeholders,” it said. This began Wednesday, to “avoid additional liabilities, minimize the impact on our customers, vendors, landlords and associates, and maximize the value of the Company’s assets,” it said. Fry’s didn’t respond to questions.