In 1993, Dixons decided to throw in the towel on its investment, and sold a controlling stake in Silo for $45 million to Fretter, Inc. Fretter was a Detroit, Michigan-based company, operating electronics stores under the Fretter's, YES! (short for Your Electronics Store), Dash Concepts, and Fred Schmid banners. At the time of the purchase, Silo featured 183 stores that were, due to stiff competition from such retailers as Circuit City and Best Buy, facing dwindling sales. The Fretter stores were facing similar competition, and Fretter management hoped that the combination would create a retail electronics powerhouse better suited to take on the up-and-coming companies.