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

Power lines cut as thieves strike Vancouver Island veterinary hospital

‘Thankfully there weren’t any animals or staff in the clinic when this happened’

Warm ‘blob’ could be behind mass starvation of North Pacific seabirds: Study

Unprecedented death toll raises red flag for North American marine ecosystems

Saanich Police ask for help locating missing high-risk youth

Robyn Coker-Steel has not been in contact with anyone from her home since Dec. 27

VIDEO: Soldiers trade rifles for snow shovels to help dig out St. John’s

A state of emergency is set to extend into a fifth day

ICBC to bring in ranking system for collision, glass repair shops

Change comes after the much-maligned auto insurer has faced criticism for sky-high premiums

Surrey’s ‘Pink Palace’ being used for Stephen King horror shoot

New web series based on King’s The Stand novel

‘It was just so fast’: B.C. teen recalls 150-metre fall down Oregon mountain

Surrey’s Gurbaz Singh broke his leg on Mount Hood on Dec. 30

Vancouver Island Pride weekend returns to Mount Washington Alpine Resort

Building on the success of last year’s family-friendly pride festival on Vancouver… Continue reading

Scarlett Point lighthouse keeper wins a million bucks playing the lottery

“I usually just get a quick pick, so I didn’t expect to win a big prize”

B.C. woman crowned the fastest female marathon runner in Canadian history

Malindi Elmore ran an incredible 2:24:50 at the Houston Marathon

Alberta bulldog breeder ordered to refund B.C. buyer over puppy’s behaviour

Tribunal ruled a verbal agreement to send a new dog superseded the written contract

Man dies in backcountry near Nelson’s Whitewater Ski Resort

The victim was found unresponsive in a tree well Friday

Most Read