RIP Fry’s Electronics 1985 – 2021
Posted on 02/24/2021
Fry’s Electronics is the decades-old superstore chain linked to TVs, stereos, hard drives, computers, computer chips, videos, and other types of media. KRON4 confirmed Fry’s Electronics is going out of business. Fry’s fell victim to internet sales.
Fry’s Electronics expected to post closure information on its website early Wednesday. There are 6 stores in Northern California, 8 in Southern California, 8 in Texas, 2 in Arizona, and one store each in Georgia, Illinois, Indiana, Nevada, Oregon, and Washington.
According to the company website, Fry’s was founded in Sunnyvale in 1985 by the three Fry brothers – John, Randy, and Dave – and Kathy Kolder. Fry’s Electronics expanded to more stores throughout the U.S., particularly in taking over multiple defunct Incredible Universe locations. In 2008, the IRS caught Ausaf Umar Siddiqui, a vice president of Fry’s Electronics, in a kickback scheme that hid US$ 65.6 million in kickback payments from five Fry’s vendors from January 2005 to November 2008.
