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Best Buy Kills Off Future Shop
Lirodon writes: Future Shop, a Canadian electronics chain that was bought by Best Buy in 2001, but continued to operate in parallel with the newly-opened Canadian locations of the U.S. retailer, is no more. Today, the company abruptly announced the closure of the Future Shop chain, and the permanent closure of 66 of its remaining 131 locations. The remaining 65 Future Shop locations (specifically, those that weren't within driving, or even walking distance of a Best Buy to begin with) will be converted to Best Buy stores over the next few days.
This is just the latest step in Best Buy's efforts to downsize its Canadian operations and focus on online retail. The new, downsized chain will consist of 136 Best Buy stores (and 56 of the small Best Buy Mobile stores) in Canada. Still, it's sad to see such an iconic brand killed off like this.
This is just the latest step in Best Buy's efforts to downsize its Canadian operations and focus on online retail. The new, downsized chain will consist of 136 Best Buy stores (and 56 of the small Best Buy Mobile stores) in Canada. Still, it's sad to see such an iconic brand killed off like this.
Big retail chains are doomed. They can't compete on price with online stores, and they can't compete on service with local stores who don't have to send most of their profits to the stock market. This has little or nothing to do with Harper, unless you believe a more left-wing government would have nationalized Future Shop to keep it open.