Less than five years after it opened, the Ancaster Future Shop location has closed its doors.
Parent company Best Buy Canada Ltd. announced today it is closing eight Future Shop and seven Best Buy stores in select markets nationwide, including Ancaster, as the first phase of a long-term transformational strategy to optimize the company’s retail footprint.
The closures take effect immediately.
The existing Meadowlands Best Buy store at 14 Martindale Crescent will remain open.
In a statement, Best Buy said it plans to open state-of-the-art new Future Shop Small-Concept web stores and new Best Buy Mobile locations across Canada, where appropriate.
“The move was based on an extensive review of Best Buy’s retail footprint in Canada in an effort to reduce unnecessary costs, eliminate redundant operating systems and to optimize its real estate strategy to reflect a more a changing retail landscape,” a company news release states.
The company will offer affected employees severance support and access to employee assistance programs and career transition resources.
Hiring priority will also be offered to previous employees across the country affected by today’s announcement.
Best Buy has established a webpage and toll-free number for consumer questions related to the closures including additional questions about their purchases or services. Best Buy Canada continues to operate more than 120 Best Buy and Best Buy Mobile locations combined with over 140 Future Shop stores across Canada.
Consumers can go to www.bestbuy.ca or www.futureshop.ca or call toll-free 1-800-237-8289 (Best Buy) or 1-800-663-2275 (Future Shop) for more information.