TheRobSJ
Großer Mechaniker
Can we get a Microcenter up in the Bay Area? JFC
We did have one. In Santa Clara. Been gone for years. The Sunnyvale Fry’s was probably a mile or two from it. It’s a WalMart grocery now.
Can we get a Microcenter up in the Bay Area? JFC
We did have one. In Santa Clara. Been gone for years. The Sunnyvale Fry’s was probably a mile or two from it. It’s a WalMart grocery now.
Sears is still thrashing on the table.
Nobody has the heart to put a bullet in it
Yeh, OP started this thread 3 months before COVID-19 even hit Wuhan. It wasn't COVID that sank Fry's that is for sure.
I'm thinking Fry's may have the last laugh. I'm no tax guy, but somehow it made sense to them to do CPR on the chain for the last 10 years. Coincidentally while their commercial property portfolio's value multiplied many times (my understanding is they own all the real estate and buildings the stores occupy).
No "there" there, but it will be interesting to see how screwed they get by creditors (merchandise) and what ultimately happens. I suspect they have an end game yet to emerge.
Their vendors stopped supplying product because they weren't getting paid.
Yeah, they're funny that way.
You have a point. I do not know what their liabilities are, but the complaints have been about them keeping minimal shelf stock for years, so it is possible they do not have a lot of Merch debt. Commercial property is in the toilet since the pandemic, but if they can zone the property for residential, that shit is pure gold.
Kind of makes me feel like they are less likely to make a killing off the property then, right?
With inventory below a bare minimum for years, recouping cents on the dollar as the alternative for those silly enough to have given them anything on credit