Canadian Future Shops close

Future ShopBest Buy is closing its Canadian electronics Future Shop stores and cutting some 1500 jobs, though half the locations will reopen under the American retailer’s banner.

Closures across Future Shop’s 131 stores went into effect on Saturday, with 65 of the locations slated to reopen in a week after transitioning into a Best Buy, the US based mega retailer said.

Employees and customers took to social media, posting the blue and yellow Best Buy signs emblazoned across Future Shop doors.

Best Buy said the measure would cut around 500 full time and 1000 part time jobs.

Following the reshuffle, Best Buy will have 192 locations across Canada – 136 large retail stores and 56 Best Buy Mobile locations.

AFP

Comments

Comment Manually

Loading...

Inside Retail Polls

The Amazon effect...
What impact will the e-commerce giant have on Aussie retail?

Inside Retail Directory

Twitter

How to build a global brand like Santa Claus. https://t.co/Bne43Gw2ES

4 days ago

Swedish fashion retailer headlines centre's final stage of $350m redevelopment. https://t.co/cOQRDg4luJ

4 days ago

Surging Chinese demand for Australian-made products fuels company's growth plans. https://t.co/IlE7VaFERs

4 days ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered