 | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1982 |
| Founder | Hassan Khosrowshahi |
| Defunct | March 28, 2015 |
| Fate | Merged with Best Buy |
| Successor | Best Buy |
| Headquarters | Burnaby, British Columbia, Canada |
Area served | Canada United States (until 1999) |
Key people | Ron Wilson - President, International Mat Povse - Senior Vice President, Retail & Services |
| Products | Electronics |
| Parent | Best Buy Canada (2001–2015) |
| Website | www |
Future Shop was a Canadian electronics store chain. It was established in 1982 by Hassan Khosrowshahi.[1] By 1990, the chain had become the country's largest retailer of computer and consumer electronics. In October 2012, the company operated 149 locations across Canada.[2]
In November 2001, Future Shop was acquired by the similar American chain Best Buy for C$580 million. Although Best Buy began to establish Canadian locations under its own name following the purchase, it continued to operate the Future Shop stores as a separate chain.[3] Even though many of the new Best Buy locations were in close proximity to existing Future Shop stores, the two chains were differentiated primarily by their in-store experiences.
On March 28, 2015, Best Buy announced the dissolution of the Future Shop brand and the closure of 66 of its locations.[4] All remaining locations were converted to Best Buy stores.
- ^ Lee, Jenny. "Vancouver-based Future Shop dominated the market". www.nationalpost.com. Retrieved December 12, 2017.
- ^ Shop, Future. "Future Shop celebrates 30 years of being 'Tech Forward' takes a historical look back". www.newswire.ca.
- ^ Staff, News (October 3, 2011). "Future Shop, Best Buy Canada to hire thousands for the holidays".
{{cite web}}:|first=has generic name (help) - ^ "Future Shop stores closed across Canada, some to become Best Buy". CBC News. March 28, 2015. Retrieved March 28, 2015.