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What pissed me off the most about that: they just closed the stores without any "going out of world sale"
That being said, when i last visited Fry's, about 6 months before they shut down, there was nothing worth buying. They were putting gamer chairs(tm) everywhere, because they had an overstock. Printer paper, ink cartridges, canned air dusters and gamer chairs on every isle.
The company had moved to a model where the vendors owned the stock, for the most part. That's why they had no going out of business sale and it's also why they never had a damned thing in stock, since very few vendors seemed to be interested in doing business (with Fry's) that way.
This is just speculation, but the last 5-10 years of Fry's lifespan felt kinda like some kind of money laundering scheme. There's no way in hell they were making any money on retail sales, so something else was keeping the zombie alive.
That makes sense, i definitely got a "mattress store under new management" vibe, so you're probably on to something...