Future Shop
Future Shop was a Canadian electronics store chain. It was established in 1982 by Hassan Khosrowshahi. By 1990, the chain had become the country's largest retailer of computer and consumer electronics. In January 2013, the company operated 139 locations across Canada.
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1982 |
| Founder | Hassan Khosrowshahi |
| Defunct | March 28, 2015 |
| Fate | Merged with Best Buy |
| Headquarters | Burnaby, British Columbia, Canada |
Area served | Canada United States (until 1999) |
Key people | Ron Wilson - President, International Mat Povse - Senior Vice President, Retail & Services |
| Products | Electronics |
| Parent | Best Buy Canada (2001–2015) |
| Website | futureshop.ca (archive) |
In November 2001, Future Shop was acquired by the similar American chain Best Buy for C$580 million. Although Best Buy began to establish Canadian locations under its own name following the purchase, it continued to operate the Future Shop stores as a separate chain. Even though many of the new Best Buy locations were in close proximity to existing Future Shop stores, the two chains were differentiated primarily by their in-store experiences.
On March 28, 2015, Best Buy announced the dissolution of the Future Shop brand and the closure of 66 of its locations. All remaining locations were converted to Best Buy stores.