Future Shop
 | |
 A Future Shop in Halifax, Nova Scotia | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1982 |
| Founder | Hassan Khosrowshahi  |
| Defunct | March 28, 2015 |
| Fate | Merged with Best Buy |
| Headquarters | Burnaby, British Columbia, Canada |
Number of locations | 139 |
Key people | Ron Wilson (President and Chief Operating Officer) Annalisa King (Senior Vice President and Chief Financial Officer) Charles Tobin (Senior Vice President) |
| Products | Electronics |
Number of employees | 113,100 |
| Parent | Best Buy Canada |
| Website | www.futureshop.ca |
Future Shop was a Canadian electronics retailer. It was headquartered in Burnaby, British Columbia. Future Shop was founded in 1982 by Hassan Khosrowshahi, an Iranian entrepreneur who settled in Vancouver, British Columbia after leaving Iran.[1] American electronics retailer Best Buy purchased Future Shop on November 4, 2001 for $580 million.
On March 28, 2015, Best Buy announced that they had decided to retire the Future Shop brand and permanently close 66 locations.[2] The remaining former Future Shop locations were re-opened as Best Buy stores.[3]
References
[change | change source]- ↑ "Future Shop Ltd. History". Funding Universe. Retrieved February 10, 2014.
- ↑ "Future Shop stores closed across Canada, some to rebrand as Best Buy". CBC News. Retrieved October 24, 2015.
- ↑ Flavelle, Dana (April 6, 2015). "Future Shop stores re-open under Best Buy name". Toronto Star. Retrieved October 24, 2015.
Other websites
[change | change source]
Wikimedia Commons has media related to Future Shop.
.svg){kind=small}
