Future Shop
Future Shop was a Canadian electronic retailer. It was headquartered in Burnaby, British Columbia. The largest Future Shop in Canada was in Edmonton, Alberta. It was purchased on November 4, 2001 for $580 million by Best Buy.[1] It was founded in 1982 by Hassan Khosrowshahi, an Iranian entrepreneur who settled in Vancouver, British Columbia after leaving Iran.[2]
| Subsidiary | |
| Industry | Retail |
| Fate | Merged with Best Buy |
| Founded | 1982 |
| Defunct | March 28, 2015 |
| 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 |
Number of employees | 113,100 |
| Parent | Best Buy Canada |
| Website | www.futureshop.ca |
On March 28, 2015, it was announced by Best Buy that they had decided to retire the Future Shop brand and close 66 locations.[3] The former Future Shop locations were re-opened as Best Buy stores.[4] In 2014 and 2015, stores in New Westminster, Nanaimo, Victoria, Langford, Surrey, Lachenaie, Sherbrooke,[5][6] Boucherville, Greenfield Park, Montreal, Ottawa,[7] Regina,[8] Kingston,[9] New Minas, and New Glasgow[10] were closed.
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
- ↑ "Best Buy snaps up Future Shop for $580 million". Canadian Broadcasting Channel. Retrieved February 10, 2014.
- ↑ "Future Shop Ltd. History". Funding Universe. Retrieved February 10, 2014.
- ↑ "Future Shop stores closed across Canada, some to rebrand as Best Buy". CBC 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.
- ↑ "15 Future Shop and Best Buy stores closed across Canada, 900 employees laid off | Vancouver Sun". March 30, 2015. Archived from the original on March 30, 2015. Retrieved May 3, 2022.
- ↑ "Best Buy, Future Shop to layoff 950 employees". torontosun. Retrieved May 3, 2022.
- ↑ "Future Shop in Gloucester to close up shop". Ottawa. January 27, 2015. Retrieved May 3, 2022.
- ↑ "Regina Future Shop closing Monday". February 24, 2015. Archived from the original on February 24, 2015. Retrieved May 3, 2022.
- ↑ "Future Shop to close its Kingston store". thewhig. Retrieved May 3, 2022.
- ↑ "SaltWire | Nova Scotia". www.saltwire.com. Retrieved May 3, 2022.
