History
In 1972, Charles Fry sold the Fry's Supermarkets chain based in California for US$14 million to Dillons.[7] He gave a portion of the proceeds, around $1 million, to each of his sons, John (who had worked as the IT manager for the supermarket chain), W. Randolph (who goes by the nickname "Randy"), and David, none of whom had much interest in grocery store retailing.[8] Instead, on May 17, 1985, they joined together with a fourth partner, John's former girlfriend Kathryn Kolder, to open the first Fry's Electronics store at a 20000 ft2 site in Sunnyvale, California.[9] Today, Fry's Food and Drug stores are owned and operated by Kroger, and are not affiliated with Fry's Electronics, although they have similar logos.[10]
John's idea was to use the model of grocery retailing, with which the brothers were familiar, to sell computer and electronics supplies.[11] The original Sunnyvale store (located near the intersection of Oakmead Parkway and Lakeside Drive) stocked numerous high-tech supplies such as integrated circuits, test and measurement equipment, and computer components, as well as software and various other types of consumer electronics. The store was one of the few retail outlets in the country that sold off-the-shelf microprocessors, such as the Intel 80286. The store also sold T-shirts, technical books, potato chips, and magazines, including Playboy.[12][13] At first, roughly half the store was stocked with groceries, including fresh produce, but the groceries section quickly diminished to displays of soft drinks and snack foods. The store billed itself as "The One-Stop Shop for the Silicon Valley Professional", as one could buy both electronics and groceries (computer chips and potato chips) at the same time.[14] Most components from most OEMs were available for purchase.[15]
As the business expanded, the original Sunnyvale store closed, and a newer, larger store was opened across Lawrence Expressway on Kern Avenue. The second Sunnyvale store was designed to look like the interior of a giant computer; the walls were adorned with simulated circuit components, and the floor resembled a giant printed circuit board. The exterior was painted to mimic a huge DIP integrated circuit, and the door handles imitated the ENTER and ESC keys on a computer keyboard; since 2005, this store has housed a Sports Basement store (which still bore some of the door-handle keys until sometime between 2009 and 2013). Fry's moved again to its final Sunnyvale location at 1077 E Arques Ave, the former site of a facility of the Link Flight Simulation Division of the Singer Corporation. Each of the three Sunnyvale store locations was located within 1 mile of the others.[16]
Because Fry's stores were enormous, stocking a wide range of each product category, they were popular with electronics and computer hobbyists and professionals.[17][18] One of the few stores to challenge Fry's in all dimensions (production selection and store-wide themes) was Incredible Universe, a series of Tandy (Radio Shack) superstores, which were established in 1992, bought out, and converted into Fry's in 1996. Historically, Circuit City and CompUSA were major competitors in the computer space, but they collapsed during the late-2000s recession, leaving Micro Center and Newegg as Fry's main competitors.
In August 2014, Fry's Electronics operated 34 brick-and-mortar stores in 9 U.S. states: California (17),[19] Texas (8), Arizona (2), Georgia (2), and one each in Illinois, Indiana, Nevada, Oregon, and Washington.[20]
In August 2019, Fry's announced that it would close its oldest extant location in Palo Alto, by January 2020; the company said its lease at the location would not be renewed.[21] On September 10, 2019, The Mercury News reported that customers were finding barren shelves in most stores, speculating that the chain was about to fold;[22] Fry's responded by stating the company was changing to a consignment model with its vendors and was not planning to close any store other than Palo Alto.[23] However, on January 7, 2020, The Atlanta Journal-Constitution reported that the Fry's location in Duluth, Georgia, was shuttered without advance notice during the 2019 holiday season.[24] On February 25, 2020, Fry's announced that they would close their Anaheim location by March 2, 2020.[25] On November 10, 2020, Fry's abruptly closed its Campbell location permanently.
Closure
On the evening of February 23, 2021, several internet sources began claiming employees were given notice that all remaining stores would close to the public nationwide, with the Frys.com website scheduled to go offline at 12:00 am PST. The company deleted its Facebook page, and set the company Twitter account to protected, hiding all activity.[26] Bay Area broadcaster KRON-TV confirmed the closure later that evening.[5]
The Fry's website closed in the early hours of February 24, only showing a letter informing of its closure. According to the letter, the company would implement the shutdown through an orderly wind-down process that it believed would be in the best interests of the company, its creditors, and other stakeholders to maximize the value of the company's assets for its creditors and other stakeholders.[4] The company said those waiting for repairs will be notified how to claim their equipment.[27]
