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A comment on The Anti-Amazon Alliance. Parent comment

Re:The Anti-Amazon Alliance by prismatk on Tuesday April 28, 2020 @03:41PM (#23010943)
If frys hasn't gone out of business yet, they're not going to - last one I was in only sold gift bags and batteries in a massive retail space and yet somehow they were still there. The retail gods must love Mr. Fry.
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Re:The Anti-Amazon Alliance by bsder on Tuesday April 28, 2020 @05:27PM (#23012304)
> If frys hasn't gone out of business yet, they're not going to - last one I was in only sold gift bags and batteries in a massive retail space and yet somehow they were still there.

I really don't understand why Fry's isn't out of business.

Do they own the real estate they're sitting on or something? Are their online operations that profitable?

Sure, a private company can carry losses for as long as they have money. But, why would you?

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Re:The Anti-Amazon Alliance by Talanes on Tuesday April 28, 2020 @06:56PM (#23013126)
>Do they own the real estate they're sitting on or something?

A quick search gives some mixed results. They own their San Jose property¹ through an affiliate company. This affiliate doesn't appear to own any other Fry's property though². Conversely, the Palo Alto location was closed when the lease ran out³.

¹https://www.mercurynews.com/2020/01/10/industrial-mega-devel...

²https://www.corporationwiki.com/California/Menlo-Park/caraco...

³https://www.mercurynews.com/2019/08/29/frys-to-close-its-pal...

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Re:The Anti-Amazon Alliance by bsder on Tuesday April 28, 2020 @09:24PM (#23014227)
> They own their San Jose property¹ through an affiliate company.

Ah! That probably explains it.

Any residual money can be drained into the affiliate companies before filing bankruptcy so that there is nothing left in "Fry's".

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Re:The Anti-Amazon Alliance by rrdharan on Tuesday April 28, 2020 @06:54PM (#23013109)
A lot of people have been wondering the same thing:

https://www.sfchronicle.com/business/article/Is-Fry-s-Electr...

https://venturebeat.com/2019/09/10/frys-electronics-isnt-res...

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