Couple of news stories came out in the last day or two about there bare shelves in Fry's electronics stores:
https://sanfrancisco.cbslocal.com/2019/10/07/frys-electronics-empty-shelves-customers-concerned/
A co-worker of mine posted some pictures on facebook of the North Austin location with most of the aisles being completely barren and rifled through. It looks like a Soviet grocery store. When he asked some of the employees about it, they said they are not going out of business, but having "supply chain issues".
In the article it says that they are shifting a lot of their suppliers from Net 30 terms to consignment (meaning that they dont actually pay their supplier until the inventory has been sold off of their shelves).
Looks like the suppliers arent willing to do that for Fry's, concerned that they may just declare bankruptcy and they would have to just get in line behind everyone else as the company was liquidated to see if they ever got pennies on the dollar for the inventory that Fry's had to fire-sale.
Sad times. I loved Fry's.
https://sanfrancisco.cbslocal.com/2019/10/07/frys-electronics-empty-shelves-customers-concerned/
A co-worker of mine posted some pictures on facebook of the North Austin location with most of the aisles being completely barren and rifled through. It looks like a Soviet grocery store. When he asked some of the employees about it, they said they are not going out of business, but having "supply chain issues".
In the article it says that they are shifting a lot of their suppliers from Net 30 terms to consignment (meaning that they dont actually pay their supplier until the inventory has been sold off of their shelves).
Looks like the suppliers arent willing to do that for Fry's, concerned that they may just declare bankruptcy and they would have to just get in line behind everyone else as the company was liquidated to see if they ever got pennies on the dollar for the inventory that Fry's had to fire-sale.
Sad times. I loved Fry's.
I know I ain't leavin' you like I know He ain't leavin' us
I know we believe in God and I know God believes in us
I know we believe in God and I know God believes in us