Red Deer’s Future Shop will not be rebranded as a Best Buy, says a spokesperson with Best Buy Canada.
Best Buy Canada, which is a subsidiary of the U.S.-based company Best Buy Co. Inc. that owns and operates the Best Buy and Future Shop stores in Canada, announced on Saturday that all 131 Future Shop outlets in Canada were being closed as of that day. Sixty-six of these will remain closed, it said, and the remainder will transition into Best Buy stores and reopen in about one week.
Elliott Chun, Best Buy Canada’s communications manager, confirmed on Monday that the Future Shop store in Gaetz Avenue Crossing at 5250 22nd St. is among those slated for permanent closure.
There is a Best Buy store a short distance south in Southpointe Crossing at 5001 19th St., plus a Best Buy Mobile store in Parkland Mall.
No information about the job losses at the Red Deer Future Shop was provided, but Best Buy said previously that 500 full-time and 1,000 part-time jobs would be cut across Canada as a result of the consolidation.
“For the stores that are closing in Canada, all the employees will be offered severance packages and in some cases employees will be offered the opportunity to reapply,” said Chun in an email.
Including the rebranded stores, Best Buy will have 192 locations in Canada, including 56 Best Buy Mobile shops.
The first Future Shop opened in Vancouver in 1982. By 1993, the company was trading on the Toronto and Vancouver stock exchanges, and had grown to 36 stores.
After briefly expanding into the United States, it was acquired by Best Buy Co. Inc. in 2001. In January 2014, about 950 full-time employees were laid off at Best Buy and Future Shop stores across Canada.
Future Shop opened in Red Deer in 1998, initially operating at another site in Gaetz Avenue Crossing. It moved to its most recent site in 2005, taking over the space vacated by Winners when that department store relocated to Southpointe Common.
Best Buy has operated at Southpointe Common since 2004.