Best Buy to Close 15 Canadian Stores

Those familiar w/the 1980's CBC TV Show 'Kids in the Hall' may find this funny. [Image Source]
Today Best Buy announced it will close 15 Canadian stores, responding to competition from electronics retailers such as Amazon and Apple. According to the Financial Post, Best Buy will replace these closers with smaller locations. The store closures represent about 10% of the company's Canadian square footage, with layoffs of about 900 employees. Seven Best Buy and eight Future Shop stores will close.

The locations closing include:


BEST BUY

British Columbia
Queensborough
Nanaimo
Victoria
Langford (Westshore Town Centre)
South Surrey

Quebec
Lachenaie
Sherbrooke (SmartCentres Sherbrooke)

FUTURE SHOP

Ontario
Ancaster
Barrie South
Erin Mills

Quebec
Montreal (Forum Entertainment Center)
Laval (First Pro Ste-Dorothee)

Manitoba
Regent

British Columbia
West Kelowna

Alberta
Macleod, Calgary


Last year the U.S. parent company to Best Buy announced the closure of 50 stores with the intention of opening about 100 smaller 'mobile stores' emphasising smart phones, tables and e-readers.
Don't worry. You're young and there are other employers...[Image Source]
In Canada, Best Buy operates 79 stores under the Best Buy banner and 149 under the Future Shop banner, a Burnaby B.C. business acquired by the Richfield, Mn.-based big-box retailer in 2001.

[Article Source - Financial Post]



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