Short-sellers are estimated to have lost $818 million on Wednesday from their bearish bets on videogame maker Gamestop, data from financial analytics firm Ortex showed.
The note said the company was closing operations permanently “as a result of changes in the retail industry and the challenges posed by the COVID-19 pandemic.”
Fry’s Electronics said the company had ceased regular operation on Feb. 24 so it could begin its “wind-down process.” Any customer who have equipment being currently repaired were told to email customerservice@frys.com to arrange the return of their equipment.
According to Google Maps, the locations in San Diego and San Marcos had implemented COVID-19 safety measures up until their closures, which included the use of face masks by all customers and staff and safety dividers at checkout. Curbside pickup – a staple of retail during the pandemic – was also listed as a service at the local retail stores.