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Best Buy eyes a different 'future' in Canada | Retailing Today

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CPG Connect | Status: is encouraging members to get involved i... Read more
Posted in March
MARCH 30, 2015 | BY GINA ACOSTA

Best Buy has announced that it is shutting down its Future Shop stores in Canada, consolidating under the Best Buy name and spending $200 million on its e-commerce capabilities.

Best Buy says it will convert 65 of the Future Shop locations into Best Buy stores within a week, and 66 others are closing immediately. Best Buy acquired Canada's Future Shop chain in 2001 for C$581 million.

http://www.retailingtoday.com/article/best-buy-eyes-different-future-canada
 

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