Same shocking experience in Austin a few weeks back. Trying to pick up a DisplayPort KVM and a couple of DP cables. This is the big one on MoPac by Opal Devine's. I'd say more than 50% of the shelves were bare, with merchandise strewn about, loose power cables still plugged into outlets. A surprising number of employees but no one was actually doing anything. The computer hardware section looked like a bomb went off. No stock anywhere. But there weren't any "Liquidation / Going Out Of Business" banners like you'd normally expect to see in these circumstances.
I used to love Fry's, they had a great selection for system builders and hobbyists. Although I will say it always had a kind of grim, penitential air to it - all the employees in their black and white outfits and the massive black locked cages behind the rows of registers. It seemed oppressive, like you wouldn't be surprised to find out that the managers were beating the cashiers or something.
Still, sorry to see it go. I've been disappointed with the other system-builder-oriented place in town who knowingly restock broken merch. I guess it's Newegg from here on out!