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Saturday

Fry's Going Out of Business Good For Afforable Housing? If you want it.

I went to Fry's here in Plano, the suburb of Dallas, and besides getting a nose bleed -- something that happens wherever I leave the city, I found the Fry's store disturbingly quiet.  There were empty isle and only a handful of shoppers.  And this is Black Friday weekend(?). 



In a memo from the CEO I found on Venturebeat.com, he states:

We are in the process of re-ordering product and restocking shelves. More product in all stores in next few weeks. Fry’s is not liquidating. And products ordered online are now shipped to customers directly from their local stores.

Fry’s is not going out of business or closing any stores (except Palo Alto, California in January 2020, due to lease expired). No plans to close any other stores.

How scary is that?   The guy's obviously lying.  He has to see the writing on the wall.  Malls and most shopping stores will be gone in the future.  Hopefully the cities will do something smart with the empty spaces like, oh I don't know... maybe AFFORDABLE HOUSING!!!

Just a thought.  








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