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.

Comments

FTA

[kimvette]

Best Buy joins other retailers that are feeling the pinch of more shoppers making purchases online and giant e-commerce rivals such as Amazon Inc. stealing business.

"stealing business?"

Really?

I want to buy certain items locally - like the Roccat Ryos MK Pro with blue switches, the ROG Swift monitor, and stuff like that. Best Buy doesn't stock them and I've got Amazon Prime, so why would I order from Worst Buy and wait 3-5 days for an item when I can get it next day for $3.99 shipping? (as far as why Best Buy doesn't stock the ROG Swift when they are among a very small handful of authorized retailers for that model, I have no idea.) I could drive 70 miles to Micro Center down in MA, but then I'd also have to pay sales tax. So, when I buy that monitor, I'm going to get it from Amazon.

Amazon sells MANY things brick-and-mortars don't any more. Want to find a good precision screwdriver set? I can't find a good set at Sears any more, nor Home Depot, nor Lowes, or smaller hardware stores, nor at Best Buy, or even harbor Freight. Sooo, where do I turn? Amazon.

Ass Kickin' ghost pepper hot sauce - I cannot find it anywhere local. So, where do I order that from? Amazon. Amazon stocks darn near everything you can imagine.

Re:Economy

[0123456]

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.

Not a huge surprise

[c]

The real surprise is why it took so long? 14 years is a heck of a long time to be running large redundant stores. From the parking lot of my local Future Shop, you could literally see the Best Buy store, and neither store was ever busy enough to really justify having two so close together, and I've heard that some were so close as to share a parking lot. It might be different if there were significant differences in the product lines they carried, but as it is it never really made much sense.