A Future Shop in Moncton

Future Shop closing all stores across Canada, rebranding under Best Buy

The retailer will permanently close 66 stores and turn the other 65 into Best Buys. 1,500 jobs will also be lost in the move.

Named for the future and its robotic hope, one of Canada’s largest tech store chains doesn’t have one anymore.

Future Shop announced it would be closing all of its stores in the country on Saturday, shutting down 66 locations for good and transition the other 65 over to Best Buy. There will be a total of 192 Best Buys in Canada.

A total of 1,500 jobs will be lost with the move – 500 full-time, 1,000 part-time.

Future Shop’s website has already been shut down – all traffic re-directed to BestBuy.ca – and the company’s Wikipedia page was swiftly updated this morning to house the news.

(A Reddit ‘Ask Me Anything’ has also started under the website’s Calgary feed, titled ‘I was just laid off from Future Shop, Ask Me Anything’.)

That includes the site’s Store Locator, although Future Shop did have several locations in B.C.

In the Lower Mainland, stores will close/rebrand in Vancouver, North Vancouver, Richmond, Burnaby, Port Coquitlam, Surrey, Langley, White Rock/South Surrey, Abbotsford, Mission, and Chilliwack.

On Vancouver Island, Future Shop had two stores in Greater Victoria, plus others in Nanaimo, Duncan, and Courtenay/Cumberland. In the Interior, Future Shop had stores in Kelowna, Vernon, and Kamloops, and north in Prince George.

The to-be Best Buys will close down and will re-open on April 4 under their new banner, the company says.

“Currently, 80 per cent of our customers are within a 15-minute drive to a store and this won’t change,” said Best Buy’s president, Ron Wilson.

“Any decisions that impact our people are never taken lightly; our first priority is to support them through this change. I want to express my appreciation to the employees who are leaving, for their contributions to Best Buy Canada.”

Future Shop was founded in 1982 in Vancouver by Hassan Khosrowshahi, and its first three stores were opened in B.C. the next year. The company expanded to the United States and the rest of Canada and, by its 10th year, had become the largest tech and electronic store in the country.

Future Shop’s and Best Buy’s headquarters were/are in Burnaby.

The latter acquired the former for $580 million in 2001.

Just Posted

New plan to benefit B.C.’s arts communities announced

Vanderhoof arts scene may benefit from potential grants

Highlights and winners from the Binche Fishing Derby

The third annual event was a massive succes

Government of Canada announces new funding agreement with B.C.

Funding goes to finding and keeping good jobs for B.C. residents

Applications for high-speed internet in rural communities being accepted

According to a news release that was issued by the Ministry of… Continue reading

New childcare spaces announced to help B.C. families

With thousands of families across the province struggling with the shortage of… Continue reading

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Canadian soccer fans brace for World Cup final between France, Croatia

First ever final for the Croatians, while it’s France’s third, going into match as betting favourite

B.C. Lions claw their way back to score 20-17 victory over Winnipeg Blue Bombers

The Bombers, who beat the Lions 41-19 last week in Edmonton, fell to 2-3 with the loss

High winds, lack of rain suggest no breaks in sight for B.C. wildfire season

There were 11 new wildfires across the province over 24 hours, BC Wildfire Service officials say

Former B.C. flight attendant protests sexual harassment outside YVR, asked to leave

Mandalena Lewis said she was handing out pamphlets outside YVR terminal when asked to leave

Belgium finishes 3rd at World Cup, beats England 2-0

France and Croatia will play in the final on Sunday at the Luzhniki Stadium in Moscow

Most Read