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

Bulkley Valley tourist industry adjusts to salmon closure

Businesses maintain philosophy of cooperation and enthusiasm as tourists begin arriving in Smithers.

Northwest family doctors win awards for B.C. launch of CHANGE Program

Northwest family doctors win awards for B.C. launch of CHANGE Program

Employer health tax may strain local governments

RDBN on the hook for an extra $24,000 by 2020

UPDATED: Horgan says B.C. defending its interests in Trans Mountain pipeline

Canadian finance minister’s update comes the same day Kinder Morgan shareholders plan to meet

Houston working around the clock to address flooding

River Forecast Centre upgrades advisory for Houston

VIDEO: After the floods, comes the cleanup as Grand Forks rebuilds

Business owners in downtown wonder how long it will take for things to go back to normal

Rachel Notley to skip premiers conference to focus on pipeline deal

Kinder Morgan has ceased all non-essential spending on the Trans Mountain pipeline project until it receives assurances

B.C. tech company will power Uber Elevate

Moli and Uber announce research and development partnership.

UPDATE: Woman dies in ocean accident near Tofino hours before daughter’s wedding

“We are so thankful to everyone who helped our mom.”

Olympian sues USA Swimming, saying it failed to protect her

Ariana Kukors Smith alleges her former coach Sean Hutchison began grooming her for sexual abuse at the age of 13

Defence minister thanks troops for B.C. flood relief work

Harjit Sajjan says not only was military response quick, support from locals has been ‘tremendous’

Couple survives being buried in mudslide on B.C. highway

The couple, from Saskatchewan, were en route to Nelson when a tree fell in their path

‘So grateful:’ Injured Bronco hockey player glad he’s alive, works on recovery

Ryan Straschnitzki was badly hurt in the accident: a spinal injury, broken ribs, a broken collar bone, and punctured lung

PHOTOS: Floodwaters rise and fall in Grand Forks

The flood-ravaged Kootenay-Boundary region begins to heal

Most Read