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Fry's Electronics was an American big-box store chain. It was headquartered in San Jose, California, in Silicon Valley.Fry's retailed software, consumer electronics, household appliances, cosmetics, tools, toys, accessories, magazines, technical books, snack foods, electronic components, and computer hardware, in addition to offering in-store computer repair and custom computer building services.
By 1990, growth of Tandy Corporation's Radio Shack chain of electronics stores and Tandy personal computers had stalled. Incredible Universe was created with the intention to compete with rapidly growing electronics superstores like Circuit City, Best Buy, and CompUSA that were taking market share from Radio Shack.
Florsheim – mall shoe store; still sells online; Gadzooks – Founded in 1983 as a T-shirt store, Gadzooks grew to a 250-store mall fashion retailer before making an ill-advised decision to discontinue menswear. The company was purchased by competitor Forever 21 out of bankruptcy in 2005, with its stores either closed or converted to F21 formats.
In 2021, Fry's Electronics closed its store that had opened as Incredible Universe in 1992, while museum World of Speed and the local bowling alley also closed due to the COVID-19 pandemic. [37] In June 2021, the city hit 116 °F (47 °C) on June 28, 2021, during a heatwave, Wilsonville's highest recorded temperature. [38]
Best Buy stands to rake in a huge amount of sales because of the sudden demise of regional electronics retailer Fry's Electronics, estimates one Wall Street analyst.
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The closing locations were chosen based upon their overall performance, profitability, and proximity to competitors such as Best Buy, Fry's Electronics, Micro Center, and Circuit City. This first round of closings reduced the number of stores to less than half of its previous number.