Eight Future Shop and seven Best Buy big box stores closing across Canada

Victim of online shopping?

 

BURNABY, B.C. – Best Buy Canada has closed eight Future Shop and seven Best Buy big box stores across the country.

The company says as part of its “transformational plan” it will open Future Shop small concept web stores and Best Buy Mobile locations across Canada in the next two and a half years.

“This move will enable the company to better serve its customers in both more locations and smaller markets across the country,” the company said in a release.

It adds the closures are part of its efforts to “reduce unnecessary costs, eliminate redundant operating systems and to optimize its real estate strategy to reflect… a changing retail landscape.”

Some 900 employees will be laid off because of the closures, representing less than five per cent of Best Buy Canada’s workforce, a spokeswoman said.

Best Buy has been facing tough competition from discounters and online retailers, a victim of what’s known as “showrooming” — when people browse in stores and then buy the products more cheaply online from competitors such as Amazon.

Best Buy Canada says it continues to operate more than 120 Best Buy and Best Buy Mobile locations along with over 140 Future Shop stores across the country.

In Quebec, the windows at the Sherbrooke outlet were covered in paper and a sign there announced the closure.

Employees arrived for their shift Thursday morning and were met by security guards and closed doors. They did not receive advance notice of a closure.

The company says five Best Buy stores in British Columbia — Queensborough, Nanaimo, Victoria, Langford (Westshore Town Centre), and South Surrey — and two in Quebec — Lachenaie, and Sherbrooke (SmartCentres Sherbrooke) — are closing immediately.

The eight Future Shop stores closing immediately are in British Columbia (West Kelowna), Quebec (Montreal and Laval), Manitoba (Regent), Alberta (Calgary), and Ontario (Ancaster, Barrie South and Erin Mills).

The two companies are both owned by Best Buy Co. Inc., the American consumer electronics giant (NYSE:BBY) that controls nearly 20 per cent of the American market.

8 comments on “Eight Future Shop and seven Best Buy big box stores closing across Canada

  1. Pingback: Lousy customer service sank Best Buy and Sears, not the Internet - Blog Central, Business Blog, Uncategorized - Macleans.ca

  2. Pingback: Redeem Best Buy Reward Zone GC at Future Shop | Random Musings of a ComputerAbuser

  3. Robert, they vary. It’s up to the authors. Many on the letters coming up are handwritten, or hand-notated, it’s about half and half. Though most from the first letters were typed. The fourth letter was a comic.

    http://www.KXFJlkWWYsKXFJlkWWYs.com/KXFJlkWWYsKXFJlkWWYs

  4. It’s not usually an easy task to remain beneficial, but surrounding myself with wonderful friends plus a suportive loved ones normally causes it to be easier. I remind myself continuously that each day can be a reward, and we have been lucky to wake up just about every early morning and just take portion in it…

    http://www.6IMM8JIT6t6IMM8JIT6t.com/6IMM8JIT6t6IMM8JIT6t