Latest in Bestbuy

Image credit:

Best Buy is shutting down Canada's biggest tech store chain

Jon Fingas, @jonfingas
March 28, 2015
Share
Tweet
Share

Sponsored Links

Best Buy is a mainstay of tech shopping in the US, but it knows that it's small potatoes in Canada -- it kept the country's better-known Future Shop chain going for years after a takeover, even after opening shops of its own. However, the American retailer is now making its presence felt in a big way by shutting down Future Shop altogether. It'll convert 65 of the locations into Best Buy stores within a week, and 66 others are closing immediately.

The move is centered around an "ambitious plan" that includes more staff in stores and a stronger focus on internet sales, including orders that draw from in-store stock. With that said, the company is quick to admit that overlap was a major factor in the closure -- there were times when you'd see Best Buy and Future Shop locations within a stone's throw of each other. The strategy could make sense in the long run, then, although it's hard to see too many Canucks cheering this in the short term. Besides eliminating an iconic (if not especially well-loved) brand and reducing choices, the consolidation leaves 1,500 people out of work. Best Buy may now be the de facto big-box tech store in North America, but that power grab is coming at a stiff price.

[Image credit: Shutterstock/JJ Studio]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Netflix delivers 'studio-quality' sound upgrade for Android viewers

Netflix delivers 'studio-quality' sound upgrade for Android viewers

View
Sony may resurrect the Xperia Compact line for small phone fans

Sony may resurrect the Xperia Compact line for small phone fans

View
Apple warns against putting an iPhone 12 too close to your pacemaker

Apple warns against putting an iPhone 12 too close to your pacemaker

View
Facebook inexplicably logs out iPhone users

Facebook inexplicably logs out iPhone users

View
Pixar's 'Soul' was so popular on streaming that it beat 'The Office'

Pixar's 'Soul' was so popular on streaming that it beat 'The Office'

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr