In August 2019, Fry's announced that it would close its oldest extant location in Palo Alto, by January 2020; the company said its lease at the location would not be renewed. On September 10, 2019, "The Mercury News" reported that customers were finding barren shelves in most stores, speculating that the chain was about to fold; Fry's responded by stating the company was changing to a consignment model with its vendors and was not planning to close any store other than Palo Alto. However, on January 7, 2020, "The Atlanta Journal-Constitution" reported that the Fry's location in Duluth, Georgia was shuttered without advance notice during the 2019 holiday season. On February 25, 2020, Fry's announced that they would close their Anaheim location by March 2, 2020. On November 10, 2020, Fry's closed its Campbell location permanently without notice.