You are invited to Log in or Register a free Frihost Account!

Sudden Closure

My Go-To electronics store just closed this morning Sad

Just seems like out of no-where people walked into work only to walk right back out. Reports say they're being replaced with Best Buy stores. I'm not sure why but I've never liked Best Buy so I avoided them. I always found what I needed from Future Shop and I liked the store and I liked the website.

Now I worry a bit because the camera I got came with a 3 year warranty and I wonder if Best Buy will honour it as the parent company since they bought Future Shop back in 2001.

I am a little sad today Sad

3 blog comments below

Yeah, Best Buy owns FutureShop; they were really the same store. They're closing across the country.
From what I've heard, the FutureShop here will be converted to a Best Buy, as we don't have one here already... but anywhere that there are both types of stores, the FutureShops are just closing.
The websites are simply being rolled together; they shared back-end anyway, just had two fronts, IIRC.

It's really unfortunate how many low-end retail jobs are going to be lost across the country. Adding FutureShop on to the people from Target who will be looking for work there's going to be a lot of people looking for not many jobs :/
Ankhanu on Sat Mar 28, 2015 4:54 pm
I dis-like 'Worst" Buy stores here in the U.S. also. Most employees know nothing about product and are only concerned with 'upselling'.
standready on Sun Mar 29, 2015 4:01 pm
Yeah, their earnings are heavily influenced by upselling, which is good for them, bad for us Razz
I've worked electronics retail, but in a chain that didn't use commission nearly as heavily (and made it kinda hard to actually GET your commission outside of holiday sales, so it was almost 0 incentive); electronics and the like have VERY little mark up, so earn very little per sale for the company, they make their money on the cheaply produced accessories and services. Hell, quite often if something like a computer or TV is on sale, they're being sold for less than the company bought it for in order to make those accessory sales.

The problem, business wise, for stores like Best Buy and Futureshop is that they can't compete with online prices. They need to keep a large staff, they need to pay for store space, and keep on hand millions of dollars of merchandise, in an industry that's constantly replacing products with the "latest" version. It's expensive, and the costs they incur are passed on to the consumer.
Add in that many people use them as "showrooms" for products, and it gets worse. People go to these big stores to see or try out the products they want, then they go home and buy it cheaper elsewhere. It's not easy for these places to survive.

This is no excuse for the employees knowing less than the customers, though Razz
Ankhanu on Sun Mar 29, 2015 5:52 pm

© 2005-2011 Frihost, forums powered by phpBB.