Every Fry's I have been to in the last decade has felt like the store was already in the process of going out of business. That said, I will miss the place. Sometimes you just need a piece of electronics today and Fry's had a much wider selection than stores like Best Buy.
Ars Technica says it's because they tried to switch to a "consignment" inventory model, but the manufacturers weren't going along: https://arstechnica.com/information-technology/2021/02/frys-....
I had no idea that its competitors (Best Buy and Walmart) don't actually pay the manufacturers for their merchandise unless it sells.