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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 ...
Hassan Khosrowshahi CM OBC (Persian: حسن خسروشاهی; born 1940) is an Iranian and Canadian business magnate, investor, and philanthropist. He founded Future Shop, a Canadian consumer electronics chain store that was acquired by Best Buy in 2001 for c. $580 million. He currently invests via his family office, Persis Holdings Ltd. Khosrowshahi had an estimated net worth of $1.16 billion ...
Future Shop On September 19, 2008, the Edmonton Journal reported Future Shop would be opening its largest store in Canada at 53,000 square feet (4,900 m 2). [5] The location featured a larger, 53,000 square-foot layout and an updated store concept. [6]
List of Canadian retail closures (21st century) Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada.
Future Shop - Closed in 2015 converted to Best Buy. Future Shop was owned by Best Buy with Best Buy closing all Future Shop locations in Canada. Sobeys - Closed May 5, 2010. This location retained an older store design never having a major renovation. Sobeys decided to close the Mayflower Mall location due to having locations nearby in Sydney River and at the Sydney Shopping Centre. The ...
Mike Pratt (businessman) Mike Pratt was the Chief Executive Officer of Guitar Center Inc. in 2013–14. He replaced Kevin Layden and managed both the Future Shop and Best Buy brands. He joined Best Buy Canada in 1990 as a Future Shop sales representative upon graduation from the University of Ontario.
^ Northgate Centre ^ "The Rebirth of Northgate | YEGisHome.ca". 2016-03-04. Archived from the original on 2016-03-04. Retrieved 2022-12-31. ^ Walmart Corporate – Walmart Canada completes acquisition of leases for 39 stores ^ Walmart Canada – Corporate Information ^ "Future Shop stores closed across Canada, some to become Best Buy". CBC News. March 28, 2015. Retrieved March 28, 2015.
Future Shop, an electronics chain in Canada, had all of its locations abruptly closed by owner Best Buy in March 2015, with 66 locations closing permanently and 65 locations reopening as Best Buy on April 4, 2015. [159]