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15 Future Shop and Best Buy stores to be closed


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#1 Markus Alexander Cody

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Posted 02 February 2013 - 04:40 AM

Best Buy Canada plans to close seven of its big box locations across Canada and close eight Future Shop stores across the country.

As part of a restructuring plan, the B.C.-based retailer announced the plan to "optimize the company’s retail footprint" in a statement Thursday.
The company says the following locations are affected:

  • New Westminster, B.C. (Queensborough)
  • Nanaimo, B.C.
  • Victoria, B.C.
  • Langford, B.C (Westshore Town Centre)
  • Surrey, B.C.
  • Lachenaie, Que.
  • Sherbrooke, Que. (SmartCentres Sherbrooke).
The Future Shop locations set to close are:
  • West Kelowna, B.C.
  • Montreal (Forum Entertainment Center)
  • Laval, Que. (First Pro Ste-Dorothee)
  • Winnipeg, Man. (Regent Ave.)
  • Calgary, Alta. (Macleod Trail)
  • Ancaster, Ont.
  • Barrie South, Ont.
  • Mississauga, Ont. (Erin Mills)
As many as 900 jobs could be affected, or roughly five per cent of the company's Canadian work force.
The company told CBC News employees affected by the closures will receive severance support as well as access to employee assistance programs and career transition support.
A company spokesperson said all gift cards and repair contracts from closed stores will be honoured at other locations.
Best Buy said the store closures are part of an ongoing restructuring plan that will see the chain re-open a number of small-concept web stores and mobile kiosks over the next three years.
Changing retail landscape

Best Buy said the plan will allow it "to better serve its customers in both more locations and smaller markets across the country" while eliminating costs and consolidating real estate.
The chain has been hit hard by tough competition from discounters and online retailers and has become a victim of what's known as "showrooming" — when people browse in stores and then buy the products more cheaply online from competitors such as Amazon.
Employees arrived for their shift at the Sherbrooke, Que., location this morning and were met by security guards and closed doors. They said they did not receive advance notice of the closure.
Best Buy had announced last March, that it was closing 50 stores in the U.S. The company posted mediocre holiday sales.
Best Buy Canada Ltd. operates 139 Future Shop stores and 58 Best Buy Canada stores across the country.


http://www.cbc.ca/ne...uy-closure.html



What a way to treat their former employees... Used to work here and I liked the working environment, but they let me go without any notification, much like this one except my former store is still operating.
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#2 D-Money

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Posted 02 February 2013 - 09:34 AM

Online shopping will eventually all but destroy large-scale discount electronics retailers.

Best Buy and Future Shop will be the new Blockbuster and Rogers Video.
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#3 Heretic

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Posted 02 February 2013 - 09:42 AM

Online shopping will eventually all but destroy large-scale discount electronics retailers.

Best Buy and Future Shop will be the new Blockbuster and Rogers Video.


I agree, I buy most of my computer related stuff online. I also get some specialty items online as well...like my Carhartt jacket, motorcycle parts...
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#4 Wetcoaster

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Posted 02 February 2013 - 10:37 AM

http://www.cbc.ca/ne...uy-closure.html

What a way to treat their former employees... Used to work here and I liked the working environment, but they let me go without any notification, much like this one except my former store is still operating.

According to reports employees will get 8 weeks severance pay plus one extra week for every year of service as well as other support. Way beyond what is required under BC law.


The company says that all employees affected by the store closures will receive severance support as well as access to employee assistance programs and career transition support.

“Hiring priority will also be offered to previous employees across the country affected by today’s announcement,” it said.


http://www.ctvnews.c...0#ixzz2JlR7XpOu

And:


The corporate electronics dealer suddenly closed its Vancouver Island locations on Thursday morning. Nationwide the company closed seven Best Buy stores and eight Future Shop outlets.


Security guards were posted at the front doors of the outlets. In Nanaimo, one handed out Future Shop coupons to customers and escorted employees that had reported for duty into the store.


"I woke up to a text that I had lost my job," said 18-year-old Shelby Ross, who worked at the store since 2009.


In a statement released on Thursday, the company labelled the effort a "real estate optimization plan," based upon a need to reduce costs and eliminate redundancies.


Employees at the Nanaimo store were offered eight weeks pay as severance, plus one week for each year they had worked.

http://www2.canada.com/nanaimodailynews/news/story.html?id=bf8cb14a-2906-4940-82b4-15e83886e178

Sounds like the former employees are being treated very well.
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#5 Wetcoaster

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Posted 02 February 2013 - 10:40 AM

Online shopping will eventually all but destroy large-scale discount electronics retailers.

Best Buy and Future Shop will be the new Blockbuster and Rogers Video.

Some analysts say it is also due to FS and BB repositioning for the entry of Target into the market.


The layoffs could also be a way to prepare for the arrival of Target, according to CTV Toronto’s consumer reporter Pat Foran. The U.S. retailer will open 130 stores across Canada starting in March and plans to be competitive with its pricing strategy.


“I see Target coming to Canada as the next seminal event,” retail adviser Antony Karabus said.

http://www.ctvnews.ca/business/best-buy-closing-15-stores-slashing-staff-in-canada-1.1137420#ixzz2JlT1dle2
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#6 Wetcoaster

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Posted 02 February 2013 - 10:48 AM

I agree, I buy most of my computer related stuff online. I also get some specialty items online as well...like my Carhartt jacket, motorcycle parts...

If I find a better price online I use that to get a price match (which includes a furhter reduction of 10% of the difference) at Future Shop (or Best Buy) for higher price goods. Per future Shop


We’ll beat any price you find online, in-store, or in print by 10% of the difference.


You won’t get it for less anywhere else.

1) If you find a lower price online, in-store or advertised in print we will beat it by 10% of the difference.

2) If you find a lower price online, in-store or advertised within 30 days of your purchase we will beat it by 10% of the difference.

3) If our own price is reduced within 30 days of your purchase bring in your receipt and we will refund the difference.


Here’s how it works.


If you’re about to make a purchase at Future Shop.


Tell us which competitor is offering the lower price.

Our associates will verify the price and that the item is in stock and available for immediate sale and delivery.

We will beat the competitor’s price by 10% of the difference.

If you made your purchase in the last 30 days.


Present us with your original receipt and tell us which competitor is offering that price.

Our associates will verify that the item is in stock and available for immediate sale and delivery at that price.

We will refund you the difference and give you an additional 10% of the difference.

If our own price was reduced in the last 30 days.


Present us with your original receipt.

We will refund you the difference.

For purchases from futureshop.ca, and if there are no Future Shop stores in your area, you can contact us at 1-800-663-2275 or by email service@futureshop.com.


Here are a few terms and conditions.

The item must be sold by an authorized dealer located in Canada. For online competitor price beats the product must be located in Canada.


The item must be for the same brand and model and the product must be new and factory sealed. It must also be subject to a manufacturer’s warranty applicable in Canada and the product must be available for purchase in Canada.


Competitors’ prices must be in Canadian dollars and will be adjusted for any fees, taxes or other charges such as environmental handling fees and shipping.


Our Price Beat Promise does not apply to Boxing Day prices, advertising errors or misprints, special educational prices, restricted offers, mail order offers, rebates, coupons, premiums, free or bonus offers, OEM products, limited or minimum quantity or limited time offers, close-outs, liquidations, clearances, and financing offers.


The terms and conditions of our “Price Beat Promise” are subject to change without notice.


If you are not completely satisfied, please talk to our store General Manager. If you need more help, call 1-800-663-2275 for further assistance.

http://www.futureshop.ca/en-ca/help/id/hc80.aspx

I prefer to to deal with a bricks and mortar operation as I can immediately pick up the goods and return them directly if there is a problem.
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#7 kyledude

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Posted 02 February 2013 - 10:49 AM

Good riddance
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#8 hudson bay rules

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Posted 02 February 2013 - 10:58 AM

Can they still claim FS is BC based?

I thought BB bought them out and I would be surprised if they kept the Headquarters.


I'm currently in TO so what do I know?
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#9 D-Money

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Posted 02 February 2013 - 11:08 AM

If I find a better price online I use that to get a price match (which includes a furhter reduction of 10% of the difference) at Future Shop (or Best Buy) for higher price goods.


Oh, for sure, I do that too. However, the discounted price may still turn a profit for the online retailer, whereas a brick and mortar store selling at the same price may suffer a loss, due to higher overhead.

Sometimes getting the sale is worse than letting people buy it elsewhere.
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#10 D-Money

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Posted 02 February 2013 - 11:10 AM

Can they still claim FS is BC based?

I thought BB bought them out and I would be surprised if they kept the Headquarters.


I'm currently in TO so what do I know?


Maybe they plan to amalgamate the two, to cut overhead.

In the past, this may have been considered monopolistic. But to compete with American companies and online retailers, it may be now necessary.
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#11 RiCHC3

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Posted 02 February 2013 - 11:19 AM

Best Buy is getting rocked in the US, but they're facing the juggernaut Amazon.com.
I'm glad about a few Future Shop are being closed because I can't stand their vulture-esque commission based employees, but it's too bad about Best Buy.

Edited by RiCHC3, 02 February 2013 - 11:19 AM.

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#12 jovocop55

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Posted 02 February 2013 - 11:21 AM

surprise they opened one in south vancouver... that one looks dead everytime i go there (and i go there alot)... only time busy was boxing day.. lol
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#13 NuxFan4Life

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Posted 02 February 2013 - 11:29 AM

Can they still claim FS is BC based?

I thought BB bought them out and I would be surprised if they kept the Headquarters.


I'm currently in TO so what do I know?


The headquarters of Best Buy Canada and Futureshop Canada is located in the same building in Burnaby, BC.
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#14 TOMapleLaughs

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Posted 02 February 2013 - 11:33 AM

Surprised it took so long. Always found having two of these stores to be redundant in 'big box' city areas.
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#15 Wetcoaster

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Posted 02 February 2013 - 11:51 AM

Oh, for sure, I do that too. However, the discounted price may still turn a profit for the online retailer, whereas a brick and mortar store selling at the same price may suffer a loss, due to higher overhead.

Sometimes getting the sale is worse than letting people buy it elsewhere.

Not my concern about profit on an individual sale. I am concerned about getting the best price possible with the best delivery and return options - hence a brick and mortar option where there is a price match guarantee.

And I avoid the extended warranties, etc. being sold by FS and BB. My advice is to use a credit card that doubles the written warranties for up to one additional year.
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#16 Five For Fighting

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Posted 02 February 2013 - 12:07 PM

In 10-20 years there will be almost no retail brick and mortar stores. Everything will be done online with the exception of groceries. If you have a job in retail I suggest finding something new.
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#17 trek

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Posted 02 February 2013 - 12:20 PM

In 10-20 years there will be almost no retail brick and mortar stores. Everything will be done online with the exception of groceries. If you have a job in retail I suggest finding something new.

Work for the post office, parcel service perhaps? ;)
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#18 PlayStation

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Posted 02 February 2013 - 12:27 PM

I prefer buying in store, I can get the item right away, plus I can see it in store, and see if I like it or if theres another similar product which catches my eye.
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"Real Men" :bigblush:

#19 Markus Alexander Cody

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Posted 02 February 2013 - 01:02 PM

surprise they opened one in south vancouver... that one looks dead everytime i go there (and i go there alot)... only time busy was boxing day.. lol

I'm god damn glad they opened it there. No longer I have to drive 15+ minutes to go to a damn Best Buy to buy my electronics.. Although i rarely go anyways... at least it's convenient now that I can pretty much just bike there

I prefer buying in store, I can get the item right away, plus I can see it in store, and see if I like it or if theres another similar product which catches my eye.

Same. Unless it's an exclusive online only item, then I want it now.

According to reports employees will get 8 weeks severance pay plus one extra week for every year of service as well as other support. Way beyond what is required under BC law.


The company says that all employees affected by the store closures will receive severance support as well as access to employee assistance programs and career transition support.

“Hiring priority will also be offered to previous employees across the country affected by today’s announcement,” it said.


http://www.ctvnews.c...0#ixzz2JlR7XpOu

And:


The corporate electronics dealer suddenly closed its Vancouver Island locations on Thursday morning. Nationwide the company closed seven Best Buy stores and eight Future Shop outlets.


Security guards were posted at the front doors of the outlets. In Nanaimo, one handed out Future Shop coupons to customers and escorted employees that had reported for duty into the store.


"I woke up to a text that I had lost my job," said 18-year-old Shelby Ross, who worked at the store since 2009.


In a statement released on Thursday, the company labelled the effort a "real estate optimization plan," based upon a need to reduce costs and eliminate redundancies.


Employees at the Nanaimo store were offered eight weeks pay as severance, plus one week for each year they had worked.

http://www2.canada.c...b4-15e83886e178

Sounds like the former employees are being treated very well.


I was misinformed about my employment and apparently I was a part time SEASONAL employee... Never told me that I wasn't going to be back after the Christmas holidays and I found out myself that I wasn't scheduled the following week and had to go through so much trouble to find out that I was misinformed. Thought I was a part time employee but apparently I wasn't. Now I'm jobless thanks to them, even though the pay was pretty good for the amount of hours I was working.
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#20 :D

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Posted 02 February 2013 - 01:54 PM

closing down some Future Shops? Those families with one uncle and fifteen family members in one store are going to have to find other jobs...
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#21 hudson bay rules

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Posted 02 February 2013 - 02:13 PM

closing down some Future Shops? Those families with one uncle and fifteen family members in one store are going to have to find other jobs...


I noticed this in the North Van location when I shopped there years ago.

It seemed that if you weren't Persian you were gonna have a hard time finding a job there.

Edited by hudson bay rules, 02 February 2013 - 02:14 PM.

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#22 Bitter Melon

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Posted 02 February 2013 - 06:34 PM

A lot of things like movies, video games or music seems like it's foolish to not buy online (or pirating seems to be the popular thing to do these days).

But for things like TVs or stereos I like to actually go in and look at the picture or hear the sound quality. I see quite a few tv's that are very expensive and high quality, that I just straight up don't like the picture quality on. It would suck to order something like that online and not like the product once its installed.

Its the same reason I don't buy clothing online. If I go into the store I can try it on, see how it fits, see how the material is, etc.
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#23 Common sense

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Posted 02 February 2013 - 06:39 PM

In 10-20 years there will be almost no retail brick and mortar stores. Everything will be done online with the exception of groceries. If you have a job in retail I suggest finding something new.


Yeah, but even groceries can now be bought online - check out this South Korean subway example http://www.digitaltr...res-in-subways/
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#24 jmfaminoff

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Posted 02 February 2013 - 06:40 PM

Cost of shipping freight to the Island must be another factor for a couple of those closings.
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#25 Bitter Melon

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Posted 02 February 2013 - 06:40 PM

Yeah, but even groceries can now be bought online - check out this South Korean subway example http://www.digitaltr...res-in-subways/


Another one of those things that I wouldn't do. I'd like to personally pick each of the items I want to buy.
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#26 jmfaminoff

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Posted 02 February 2013 - 06:43 PM

Best Buy is getting rocked in the US, but they're facing the juggernaut Amazon.com.
I'm glad about a few Future Shop are being closed because I can't stand their vulture-esque commission based employees, but it's too bad about Best Buy.

In the US, BB, in store, matches online prices
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#27 hudson bay rules

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Posted 02 February 2013 - 06:45 PM

Its the same reason I don't buy clothing online. If I go into the store I can try it on, see how it fits, see how the material is, etc.


A lot of people go to a B&M store and take advantage of the service staff etc and then order the products online without compensating the store and/or staff for their time and expertise.
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#28 NightHawkSniper

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Posted 02 February 2013 - 06:51 PM

I prefer buying in store, I can get the item right away, plus I can see it in store, and see if I like it or if theres another similar product which catches my eye.


It's convenient shopping online though, reviews for products are a click away.
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#29 Common sense

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Posted 02 February 2013 - 06:59 PM

It's convenient shopping online though, reviews for products are a click away.


There's a lot of intangibles that you can only experience firsthand with the actual model. For example, the size of the shift keys compared to the ASDFJKL; position, or whether the trackpad interferes with the palms of your hands. I actually had my heart set on a laptop for its cost until I realized that there were so many flaws with it ergonomically that it would be a pain in the arse for me if I did get it.
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#30 Wetcoaster

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Posted 02 February 2013 - 07:03 PM

Cost of shipping freight to the Island must be another factor for a couple of those closings.

EDIT

Edited by Wetcoaster, 02 February 2013 - 07:25 PM.

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