Ken Mann
1/31/2013
The owner of two major electronics chains has closed 15 stores across the country, including one in Ancaster.
Best Buy, which also owns and operates Future Shop, has closed the Future Shop on Wilson Street.
It's part of an announcement which involves the closure of seven Best Buy locations and eight Future Shop stores, all effective Thursday morning.
Company officials say the move is part of an effort to remain competitive with online electronic retailers.
It will open Future Shop small concept web stores and Best Buy Mobile locations across Canada in the next year and a half.
Best Buy has been facing tough competition from discounters and online retailers, a victim of what's known as ``showrooming'' when
people browse in stores and then buy the products more cheaply online from competitors such as Amazon.
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