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Old 03-05-2021, 08:25 PM   #41
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Originally Posted by triangle View Post
I did not realize they had closed doors. That explained this "Company Man" video that I saw in my youtube recommendations earlier this week. I have not watched the video, as I had found a few of their other videos a bit simplistic and thought this might be a clickbait title....but apparently not.

It’s actually a well done video and it gives a good overview of the company’s history. It reaches the same conclusion that I spoke about in my original post - that their failure to build an internet based business was their main downfall. They never adapted their business to establish an online presence, and eventually people stopped going to brick and mortar stores to buy many of the items they sold there.

There was one other issue that likely hurt them but was not mentioned in the video. This goes back to around 2005 when it was discovered that one of their VPs had embezzled $66M to feed his gambling addiction in Vegas. I’m not sure how much of that money was ever recovered.

https://en.wikipedia.org/wiki/Ausaf_Umar_Siddiqui
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Old 03-05-2021, 09:05 PM   #42
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I've watched the accelerating decline of Fry's for several years. The one on I-45S in Webster, TX was always eye-catching with it's Space Station designs and mockups. 3 or 4 years ago, all the CDs, DVDs and software disappeared; shortly after, the appliance section was removed; next, brand name big screen TVs disappeared, replaced by a slim assortment of no-name brands. Even before Covid, the largest displays were piles of mattresses, exercise bikes, and as-seen-on-TV merchandise. I built various computers out of stuff I bought at Fry's here and in southern California,but had rarely ventured in over the last couple of years.
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