Some Best Buy & Future Shop stores closing

Best Buy Canada says it has closed eight Future Shop and seven Best Buy stores across Canada.

The company says as part of its “transformational plan” it will open Future Shop small concept web stores and Best Buy Mobile locations across the country over the next year and a half. Best Buy has been facing tough competition from discounters and online retailers, 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.
Best Buy Canada says it continues to operate more than 120 Best Buy and Best Buy Mobile locations along with over 140 Future Shop stores across the country. Employees arrived for their shift Thursday morning and were met by security guards and closed doors. They did not receive advance notice of a closure.