BURNABY, B.C. — Best Buy closed all Future Shop stores in Canada suddenly on Saturday, with employees finding empty stores upon arriving for their shifts. Half of the closures are permanent, while the other half will reopen under the Best Buy banner after a week’s turnaround. CEO and president Ron Wilson stressed that at present “80% of our customers are within a 15-minute drive to a store and this won’t change” with the consolidation, which eliminates 500 full-time and 1,000 part-time jobs. According to the CBC, employees at the stores being refurbished have been given “no guarantees” that they will continue as Best Buy workers. Speculation that the parent company would merge the banners began when Best Buy acquired Future Shop in 2001, but the timing of the announcement was without warning.
Future Shop shutters Canadian stores
Most Recent
Most Read
U.S. imposes global 25 percent tariffs on aluminum and steel imports
Tue, February 11th, 2025
Wolseley names Jacqueline Janes director for Atlantic Canada
Tue, February 11th, 2025
Building permits rise in December
Tue, February 11th, 2025
Join us for Canada Night in New Orleans!
Tue, February 11th, 2025
Dealer News looks at the Retail Report, life after Ace
Tue, February 11th, 2025
Supply-Build Canada extends auction deadline
Mon, February 10th, 2025
Featured Classified: TIMBER MART
Mon, February 10th, 2025
Purolator acquires Livingston International
Fri, February 07th, 2025
Housing starts to slow in wake of U.S. trade policies
Fri, February 07th, 2025
Featured Classified: BMR
Fri, February 07th, 2025