Was just there today. 75% empty shelves. I am just a customer, but I can tell by what I see that Frys is in trouble.
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I was at the Indianapolis store today. Apocalyptic. The sign on the front of the store is now missing the red letter "S". They have let weeds grow up in every crack all around the parking lots. No more maint. The shelf inventory is maybe 20%. All display computers GONE. All display TV's GONE but the display signage is still strangely lit. No staff on the floor except a guy sitting in the breakroom looking out the door. I saw one PC repair tech at a bench. The other PC tech sales countertop is GONE. When I went to leave the store, it looked like the register area had dimmed lights, no one buying anything. I went out the exit and there was no one manning the exit, you know they guy that marks your receipt with a highlighter. That guy got layoff'd.
They have been instructed to say they are remodeling.