According
to Digital Marketing
Agency, “US consumer electronics chain Best Buy has announced that
it is closing its Canadian subsidiary, Future Shop, and converting 65 of its
131 stores into Best Buy outlets.”
Such
a move results in 500 full-time jobs and 1,000 part-time jobs. Best Buy has
owned Future Shop, Canada's biggest electronics brand, since 2001. Best Buy
will encompass 192 Canadian stores after the changeover is totally completed.
Best
Buy said, “it would be investing C$200m (£106.5m; $158m) in its operations
there over the next two years. There would also be restructuring costs of at
least C$200m.”
“Technology
news website Engadget mentioned, “although Best Buy currently may be the de
facto big box tech store in North America, it would face problem due to a
coming of stiff price of power grab.” In addition, other observers consist of a
mixed view of the development.
No comments:
Post a Comment