All Future Shop stores in Canada closed in the spring!

Surely also you noticed that all Future Shop stores was closed across Canada in the spring. How many of them were there? More than 130 locations! Especially for employees it was a great shock when half of the Future Shop stores announced that it closed almost by the day.

What is the reason of closing these stores?

Best Buy, the parent company of Future Shop, after the purchase of Future Shop stores in 2001 started to open their own stores under its own name in Canada. But in the spring of 2015 it looked like there were too many of these stores. So Best Buy decided to close the half of the Future Shop stores and the other half to transform into conventional Best Buy stores.

This radical step, unfortunately, deprived 500 employees of their jobs. The immediate closing of stores was very shocking for them. Some of them unfortunately learned it only when they wanted to go to work in the morning, like every day - but they couldn't go there because they suddenly hadn't a job. The sad interesting thing is the fact that some employees were told that if they are interested in working in Best Buy stores that arise from the original Future Shop stores, they will again have to go through the selection procedure.

Currently, there are 65 re-branded Future Shop stores operating under the Best Buy in Canada. Future Shop stores had worked from 1982 to 28 March 2015. In November 2001, Future Shop was acquired by Best Buy for $ 580 million. The main motto of the company was "Exciting Stuff".

Read more: latest articles

Devonshire Mall Staycation Is Waiting For You

Devonshire Mall Staycation Is Waiting For You

On April 27th and 28th get ready to visit Devonshire Mall at 7th annual Staycation Expo in Ontario! This event, held for... more

CF Richmond Centre Welcomes Uniqlo

CF Richmond Centre Welcomes Uniqlo

Japanese fashion brand Uniqlo continues to expand all over Canadian market, as it opened three stores in the past six mo... more

Mall Inside The Mall – Sounds Like Fun?

Mall Inside The Mall – Sounds Like Fun?

In a cruel world of retail, it is very hard for emerging brands to stand out and sell their products among the well esta... more

Groundbreaking Redevelopment Of Oakridge Centre Vancouver

Groundbreaking Redevelopment Of Oakridge Centre Vancouver

Vancouver is about to witness the building of unique, never before seen, community, that will be the single biggest deve... more