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    Recent Articles

    Target announces Starbucks as coffee retailer for Canadian stores (Starbucks Newsroom)

    Loblaws launching loyalty program to coincide with Target entry (Globe and Mail)

    Zellers reviews options for outlets ‘left behind’ (Globe and Mail)

    Canadian malls are the Target of expansion(Montreal Gazette)

    Sobeys and Target: a winning combination (Financial Post)

    Target’s rejected sites in high demand by rival retailers (Globe & Mail)

    Walmart, Canadian Tire in Target's crosshairs (Financial Post)

    What we can expect: Tony Fisher talks about Target Canada (Financial Post)

    Target’s Canadian foray hits cost hurdle (Globe & Mail)

    Announcement of which Zellers are to convert coming by end of May? CTV

    "Death of Canadian retail greatly exaggerated" Rona CEO (Financial Post

    Impact on Canadian Tire (Financial Post)

    Canadian Retail Industry Viewpoints (Profit Magazine)

     

     

     

     

     

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    Tuesday
    Mar312015

    Future Shop dead; half of stores survive as Best Buys

    The Future Shop name became a thing of the past on Saturday morning, as U.S.-based owner Best Buy Co. consolidated the stores under the Best Buy banner, abruptly eliminating 500 full-time and 1,000 part-time positions.

    In all, 131 stores in the Canadian electronics chain were closed — 66 of them permanently. Another 65 will be closed for a week, reopening under the Best Buy banner. Employees got no advance notice and found out upon arriving for work.

    “A lot of us thought it was a joke at first but then we realized it wasn’t and the atmosphere became very sad and upset,” William Smith, 23, told the Star on the phone from Belleville.

    “Everyone was very upset, myself included, as I have a six-month-old little girl and a stay-at-home wife,” said Smith, who had worked at a Belleville Future Shop for more than two years.

    To view the full article, click here.