Future Shop
Future Shop was a Canadian electronics retailer. It was headquartered in Burnaby, British Columbia. Future Shop was founded in 1982 by Hassan Khosrowshahi, an Iranian entrepreneur who settled in Vancouver, British Columbia after leaving Iran.[1] American electronics retailer Best Buy purchased Future Shop on November 4, 2001 for $580 million.
| Company type | Subsidiary |
|---|---|
| Fate | Merged with Best Buy |
| Headquarters | Burnaby, British Columbia, Canada |
Number of locations | 139 |
Key people | Ron Wilson (President and Chief Operating Officer) Annalisa King (Senior Vice President and Chief Financial Officer) Charles Tobin (Senior Vice President) |
| Products | Electronics |
| Parent | Best Buy Canada |
| Website | www.futureshop.ca |
A Future Shop in Halifax, Nova Scotia
On March 28, 2015, Best Buy announced that they had decided to retire the Future Shop brand and permanently close 66 locations.[2] The remaining former Future Shop locations were re-opened as Best Buy stores.[3]
Future Shop Media
A Future Shop store in Edmonton in July 2007
A newer-styled Future Shop in Sudbury, Ontario
A closed Future Shop store in Richmond Hill in May 2015
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References
- ↑ Future Shop Ltd. HistoryFunding Universe. Retrieved February 10, 2014.
- ↑ Future Shop stores closed across Canada, some to rebrand as Best BuyCBC News. Retrieved October 24, 2015.
- ↑ Flavelle, Dana (April 6, 2015). Future Shop stores re-open under Best Buy name. https://www.thestar.com/business/2015/04/06/future-shop-stores-re-open-under-best-buy-name.html. Retrieved October 24, 2015.
