[sf-lug] Fry's now *permanently* shutting down
aaronco36
aaronco36 at SDF.ORG
Wed Feb 24 07:58:26 PST 2021
Quoting the top section of today's http://frys.com/ :
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
After nearly 36 years in business as the one-stop-shop and online resource
for high-tech professionals across nine states and 31 stores, Fry's
Electronics, Inc. (Fry's or Company), has made the difficult decision to
shut down its operations and close its business permanently as a result of
changes in the retail industry and the challenges posed by the Covid-19
pandemic. The Company will implement the shut down through an orderly wind
down process that it believes will be in the best interests of the
Company, its creditors, and other stakeholders.
The Company ceased regular operations and began the wind-down process on
February 24, 2021. It is hoped that undertaking the wind-down through this
orderly process will reduce costs, avoid additional liabilities, minimize
the impact on our customers, vendors, landlords and associates, and
maximize the value of the Companys assets for its creditors and other
stakeholders.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I know folks here have relied upon Fry's in the recent past for our
computer and electronics supplies, even up to the current state of the
COVID-19 pandemic :-(
-Aaron
aaronco36 at sdf.org
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