Future Shop

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Future Shop
Subsidiary
IndustryRetail
FateMerged with Best Buy
Founded1982
DefunctMarch 28, 2015
HeadquartersBurnaby, British Columbia, Canada
Key people
Ron Wilson (President and Chief Operating Officer)
Annalisa King (Senior Vice President and Chief Financial Officer)
Charles Tobin (Senior Vice President)
ProductsElectronics
Number of employees
113,100
ParentBest Buy Canada
Websitewww.futureshop.ca
A Future Shop in Halifax, Nova Scotia

Future Shop was a Canadian electronic retailer. It was headquartered in Burnaby, British Columbia. The largest Future Shop in Canada was in Edmonton, Alberta. It was purchased on November 4, 2001 for $580 million by Best Buy.[1] It was founded in 1982 by Hassan Khosrowshahi, an Iranian entrepreneur who settled in Vancouver, British Columbia after leaving Iran.[2]

On March 28, 2015, it was announced by Best Buy that they had decided to retire the Future Shop brand and close 66 locations.[3] The former Future Shop locations were re-opened as Best Buy stores.[4]

References[change | change source]

  1. "Best Buy snaps up Future Shop for $580 million". Canadian Broadcasting Channel. Retrieved 2014-2-10. Check date values in: |accessdate= (help)
  2. "Future Shop Ltd. History". Funding Universe. Retrieved 2014-2-10. Check date values in: |accessdate= (help)
  3. "Future Shop stores closed across Canada, some to rebrand as Best Buy". CBC News. Retrieved 2015-10-24.
  4. "Future Shop stores re-open under Best Buy name". Toronto Star. Retrieved 2015-10-24.

Other websites[change | change source]