Best Buy is Shutting Down Future Shop

Best Buy is Shutting Down Future Shop

Posted by · 10160 views · Translate
Best Buy has announced that it's shutting down the Future Shop brand across Canada and consolidating some of the stores into the Best Buy brand.

Best Buy Canada also announced today it has reviewed its real estate footprint to address the fact that a significant number of its Future Shop and Best Buy stores are located adjacent to each other, often in the same parking lot. The result of this review is the closure of 66 Future Shop locations, effective today. Concurrently, an additional 65 Future Shop stores will be temporarily closed for one week as they begin their transition to the Best Buy brand. The company will now have a total of 192 locations across Canada, including 136 large-format stores and 56 Best Buy Mobile stores.

“Currently, 80 per cent of our customers are within a 15 minute drive to a store and this won’t change,” said Ron Wilson, President and COO of Best Buy Canada. “We will continue to have a strong store presence in all major markets in Canada.”

As a result of this consolidation, approximately 500 full-time and 1,000 part-time positions will be eliminated. The affected employees will receive severance, employee assistance and outplacement support.

“Any decisions that impact our people are never taken lightly; our first priority is to support them through this change,” Wilson said. “I want to express my appreciation to the employees who are leaving, for their contributions to Best Buy Canada.”

All Future Shop gift cards will be accepted at any Best Buy Canada location and at BestBuy.ca. Existing product orders, service appointments and warranties will continue to be honoured and Future Shop purchases to be returned or exchanged will also be accepted at any Best Buy. Customers who visit FutureShop.ca will be guided to BestBuy.ca.


Best Buy is Shutting Down Future Shop

MUKAI - March 30, 2015 at 7:33pm
Bestbuy can sometimes be a pain in the ass, but oh well.
Jaisen - March 30, 2015 at 7:13am
Best buy bought future shop 14 years ago and this should have been done 14 years ago. Most future shops were in the same shopping centres as best buy, minutes walking distance apart. Considering their prices and sales were almost identical this really made no sense. Not surprised it happens just surprised it took so long.
VizionMTL - March 29, 2015 at 8:47pm
Pardon my ignorance. But why is this news on here?
sly - March 29, 2015 at 8:56pm
They were selling apple product
Andreea - April 5, 2015 at 2:32am
I and also my guys were found to be reviewing the best sarettgies found on your site and so then got a horrible feeling I never thanked the site owner for them. All the guys came as a consequence very interested to see all of them and have unquestionably been enjoying them. We appreciate you turning out to be well helpful and for using these kinds of impressive issues millions of individuals are really needing to be aware of. My honest regret for not saying thanks to earlier.
6 More Comments
Recent