A Future Shop in Moncton

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.

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

Just Posted

Victoria police will be making numerous arrests throughout the day Jan. 27 as part of its #VicPDWarrantWednesday project. (Nina Grossman/News Staff)
UPDATED: Victoria police’s #WarrantWednesday makes 11 arrests and counting

VicPD says arrests part of warrant enforcement project

Victoria police are seeking a young woman suspected of spitting on a bus driver in October 2020. (Courtesy of Victoria Police Department)
VIDEO: Young woman sought after ‘spitting assault’ on Victoria bus driver

Suspect became irate after bus came to a sudden stop

Police are warning people of flu shot and vaccination frauds. (Black Press Media file photo)
Flu shot fraud charges West Shore resident for non-existent appointments

Fraudulent email claimed to be from London Drugs

Leila Bui with her parents Tuan (left) and Kairry Nguyen on Jan. 27, 2020 after Tenessa Nikirk was found guilty for striking Bui in a Saanich crosswalk. (Nina Grossman/News Staff)
Driver convicted of dangerous driving after hitting Leila Bui out on bail

Tennesa Nikirk was convicted for striking then 11-year-old Leila Bui with her car

A Cessna 170 airplane similar to the one pictured above is reported to be missing off the waters between Victoria and Washington State. Twitter photo/USCG
UPDATE: No sign of small plane that went down in Juan de Fuca Strait

Searchers out on both sides of border between Victoria and Port Angeles

(Twitter/Ateachersaurus)
The Pachena Bay shoreline in 2013. (Twitter/Ateachersaurus)
This week in history: 9.0 magnitude quake struck under what is now called Vancouver Island

According to First Nations elders, the 9.0-magnitude quake in 1700 CE kick-started a tsunami

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of Jan. 26

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

(B.C. government photo)
POLL: Would you like to see restrictions on travel to B.C. from other provinces?

With a host of more virulent strains of COVID-19 appearing across the… Continue reading

B.C. Premier John Horgan speaks at B.C. legislature on the province’s mass vaccination plan for COVID-19, Jan. 22, 2021. (B.C. government)
COVID-19 quarantine not an option for B.C., John Horgan says

Apres-ski parties increase risk, not interprovincial travel

Worker at Swartz Bay terminal on Monday, January 20, 2020. (THE CANADIAN PRESS/Chad Hipolito)
Former BC Ferries employee alleges he was fired because of his race

Imraan Goondiwala has been granted a BC Human Rights Tribunal hearing

An Island Health graph showing COVID-19 cases in the central Island by local health area between Dec. 27 and Jan. 23. (Island Health image)
Central Island’s COVID-19 case spike shifting, says Island Health

Cowichan Valley has seen the highest number of cases, but Nanaimo and south Island seeing upticks

Rodney and Ekaterina Baker have been ticketed and charged under the Yukon’s Civil Emergency Measures Act for breaking isolation requirements in order to sneak into a vaccine clinic and receive Moderna vaccine doses in Beaver Creek. (Facebook/Submitted)
B.C. couple who travelled to Yukon for COVID vaccine ineligible for 2nd dose until summer

Health officials planning new measures to ensure people verify where they live before inoculation

(File)
Mask dispute in court leaves Vancouver cop with broken leg

Man allegedly refused to put on a mask and resisted arrest

Most Read