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takyon [soylentnews.org] writes:

Report: Fry's Electronics going out of business, shutting down all stores [arstechnica.com]

Fry's Electronics, the decades-old superstore chain with locations in nine American states, appears to have gone defunct. Bay Area TV station KRON-4 was the first press outlet to confirm the news [kron4.com] late Tuesday, saying that Fry's will shut down all 30 of its American locations. The retailer will reportedly make an announcement at some time on Wednesday via the Fry's website.

Rumors began flying on Tuesday in the form of anecdotes from alleged Fry's employees, who all reported that they'd been summarily fired earlier in the day with zero notice. One anonymous report posted at The Layoff [thelayoff.com] alleged that every remaining Fry's store in the US was "permanently closing tomorrow," and that sentiment was echoed hours later at a Fry's-related Reddit community [reddit.com]. The Reddit post included the allegation that one store's staffers were tasked with shipping any remaining merchandise back to suppliers during their final day at work.

[press release will be available on Fry's website later today, insert link here]

Also at The Verge [theverge.com] and Newsweek [newsweek.com].

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