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.

Surrey North Delta Leader

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

OBITUARY: Sherrold Haddad brought giant Canadian flag to Surrey car dealership, built community

‘An amazing man, business person and community leader,’ friend Bruce Hayne posted to Facebook

COVID-19: Daily update on the pandemic in Surrey, White Rock, Delta and beyond

MARCH 28: Delta council passes bylaw to fine people who don’t socially distance

White Rock council members stand by decision to close pier

Minimal push-back over closure to minimize chance of spreading COVID-19 virus

B.C. is seeing the highest rate of COVID-19 recovery in Canada, and there’s a few reasons why

British Columbia was one of the first to see rise in COVID-19 cases, and has also switched up testing

B.C. Ferries passengers staying away, as asked, during COVID-19 pandemic

Ferry corporation says ridership down 70-80 per cent over the last week and a half

Sewers stitch masks to free up supplies for front-line health-care workers

“We have little old ladies sewing up a storm,” said Joan Davis

Experts weigh in on best handling of groceries during COVID-19 pandemic

Study suggests the virus can live for up to 24 hours on cardboard and up to three days on plastic

COVID-19 world update: Enforceable quarantine in NYC?; France orders 1 billion masks

Spain warns EU’s future at stake; New York governor calls Trump’s idea ‘federal declaration of war

Blue ribbons popping up along streets in Abbotsford in praise of B.C. healthcare workers

Healthcare worker’s family starts local trend of morale support

Earth Hour 2020 kicks off online Saturday night

Action moves online due to COVID-19

B.C. COVID-19 cases rise 92 to 884, one more death, 81 in care

Outbreak action underway in 12 long-term care homes

B.C. veterinarians want to smooth the fur of COVID-19-worried pet owners

Vets expect to continue giving your fur buddies the help they need while social distancing

Most Read