5 ms·

If frys hasn't gone out of business yet, they're not going to - last one I was in only sold gift bags and batteries in a massive retail space and yet somehow th

If frys hasn't gone out of business yet, they're not going to - last one I was in only sold gift bags and batteries in a massive retail space and yet somehow they were still there. The retail gods must love Mr. Fry.

bsder 6y ago
> If frys hasn't gone out of business yet, they're not going to - last one I was in only sold gift bags and batteries in a massive retail space and yet somehow they were still there. I really don't understand why Fry's isn't out of business. Do they own the real estate they're sitting on or something? Are their online operations that profitable? Sure, a private company can carry losses for as long as they have money. But, why would you?
- rrdharan 6y ago
  A lot of people have been wondering the same thing: https://www.sfchronicle.com/business/article/Is-Fry-s-Electronics-in-trouble-Company-denies-14945559.php https://www.sfchronicle.com/business/article/Is-Fry-s-Electr... https://venturebeat.com/2019/09/10/frys-electronics-isnt-restocking-goods-in-multiple-stores/ https://venturebeat.com/2019/09/10/frys-electronics-isnt-res...
- Talanes 6y ago
  >Do they own the real estate they're sitting on or something? A quick search gives some mixed results. They own their San Jose property¹ through an affiliate company. This affiliate doesn't appear to own any other Fry's property though². Conversely, the Palo Alto location was closed when the lease ran out³. ¹https://www.mercurynews.com/2020/01/10/industrial-mega-developer-eyes-frys-north-san-jose-site/ https://www.mercurynews.com/2020/01/10/industrial-mega-devel... ²https://www.corporationwiki.com/California/Menlo-Park/caracol-ltd-lp/45846374.aspx https://www.corporationwiki.com/California/Menlo-Park/caraco... ³https://www.mercurynews.com/2019/08/29/frys-to-close-its-palo-alto-doors-for-good-in-january/ https://www.mercurynews.com/2019/08/29/frys-to-close-its-pal...
  - bsder 6y ago
    > They own their San Jose property¹ through an affiliate company. Ah! That probably explains it. Any residual money can be drained into the affiliate companies before filing bankruptcy so that there is nothing left in "Fry's".

bsder 6y ago

> If frys hasn't gone out of business yet, they're not going to - last one I was in only sold gift bags and batteries in a massive retail space and yet somehow they were still there. I really don't understand why Fry's isn't out of business. Do they own the real estate they're sitting on or something? Are their online operations that profitable? Sure, a private company can carry losses for as long as they have money. But, why would you?

rrdharan 6y ago
A lot of people have been wondering the same thing: https://www.sfchronicle.com/business/article/Is-Fry-s-Electronics-in-trouble-Company-denies-14945559.php https://www.sfchronicle.com/business/article/Is-Fry-s-Electr... https://venturebeat.com/2019/09/10/frys-electronics-isnt-restocking-goods-in-multiple-stores/ https://venturebeat.com/2019/09/10/frys-electronics-isnt-res...
Talanes 6y ago
>Do they own the real estate they're sitting on or something? A quick search gives some mixed results. They own their San Jose property¹ through an affiliate company. This affiliate doesn't appear to own any other Fry's property though². Conversely, the Palo Alto location was closed when the lease ran out³. ¹https://www.mercurynews.com/2020/01/10/industrial-mega-developer-eyes-frys-north-san-jose-site/ https://www.mercurynews.com/2020/01/10/industrial-mega-devel... ²https://www.corporationwiki.com/California/Menlo-Park/caracol-ltd-lp/45846374.aspx https://www.corporationwiki.com/California/Menlo-Park/caraco... ³https://www.mercurynews.com/2019/08/29/frys-to-close-its-palo-alto-doors-for-good-in-january/ https://www.mercurynews.com/2019/08/29/frys-to-close-its-pal...
- bsder 6y ago
  > They own their San Jose property¹ through an affiliate company. Ah! That probably explains it. Any residual money can be drained into the affiliate companies before filing bankruptcy so that there is nothing left in "Fry's".