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FutureShop- All Stores Closed Immediately
#11
(03-28-2015, 03:33 PM)neonjoe Wrote: Sunrise is not reopening, it definitely wasn't right beside another location.

There's nothing in Best Buy's media release that says they're only closing adjacent locations. They're "consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand." As I said before, presumably that means focusing on nearby locations where the benefit of the second store is questionable and the benefit of closing one of the stores is easy to see. But that doesn't mean that unprofitable single stores in municipalities where there are other FS or BB stores a short drive away won't also be shut down.

Something had to give. Increasingly consumers are using big box stores as showrooms to look at and compare products like TVs, cameras and phones. Then they order online from the lowest priced vendor such as Amazon who is able to compete on price because they don't have the overheads of bricks and mortar stores. Best Buy will either adapt to this reality or die. 

It's not all necessarily bad news. They have some potential advantages over online only stores like Amazon. If they can convince people to come to the store to pick up their purchase they can save on the considerable costs of shipping large items like TVs that an Amazon usually bundles into the purchase price. The can also offer same or next day delivery more cheaply than an Amazon. And of course they can do exchanges and replacements more cheaply. IMO the $64 million question is can they charge enough of a premium for these advantages to remain viable?
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#12
Watching an interview with an "expert" on the news. He said the trend is away from brick and mortar stores to online shopping. Based on his opinion it was expected and will continue in the retail market.

The only problem with that is the loss of retail sector jobs. Retail employs so many people so where do those people find jobs? What's left for the unskilled in the workplace. A life of welfare until you turn 67?
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#13
(03-29-2015, 09:57 AM)rickhd Wrote: Watching an interview with an "expert" on the news.   He said the trend is away from brick and mortar stores to online shopping.   Based on his opinion it was expected and will continue in the retail market.    

The only problem with that is the loss of retail sector jobs.   Retail employs so many people so where do those people find jobs?    What's left for the unskilled in the workplace.   A life of welfare until you turn 67?

The concept is called Basic Income, and the Liberals, Greens, and others are already advocating for it.
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#14
(03-29-2015, 10:07 AM)Osiris Wrote:
(03-29-2015, 09:57 AM)rickhd Wrote: Watching an interview with an "expert" on the news.   He said the trend is away from brick and mortar stores to online shopping.   Based on his opinion it was expected and will continue in the retail market.    

The only problem with that is the loss of retail sector jobs.   Retail employs so many people so where do those people find jobs?    What's left for the unskilled in the workplace.   A life of welfare until you turn 67?

The concept is called Basic Income, and the Liberals, Greens, and others are already advocating for it.

Obligatory Humans Need Not Apply video to put the technological unemployment crisis into perspective.  Basic Income will support people during this transition period and has support across ideological lines, but greater awareness is needed for it to become a political reality here.  Several european countries are having this discussion now such as Finland where it has 70% popular support.
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#15
"Smart"Centres Cambridge had Future Shop, Staples, and Best Buy almost in a contiguous line. Could never last.
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#16
(03-29-2015, 09:57 AM)rickhd Wrote: The only problem with that is the loss of retail sector jobs.   Retail employs so many people so where do those people find jobs?    What's left for the unskilled in the workplace.   A life of welfare until you turn 67?

The same was said a century ago about the loss of jobs in the agriculture sector. I imagine it also took a lot of human labour to look after horses when they were the primary mode of transportation. All this too was unskilled labour. Most of those jobs disappeared in the 20th century yet the sky didn't fall. But yes the writing is on the wall for today's kids who want to make a career in retailing--or manufacturing for that matter.
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#17
Not just there. It has been said that a lot of white collar jobs are going to be eliminated.
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#18
I hate that this happened. Just another instance of us becoming more "Americanized". I haven't gone into a Best Buy since this happened and don't have any plans on giving them any of my business in the future.
For daily ion construction updates, photos and general urban rail news, follow me on twitter! @Canardiain
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#19
Same owner right?
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#20
(05-18-2015, 05:18 PM)Spokes Wrote: Same owner right?

Yes, Best Buy acquired Future Shop in 2001 and operated as a separate brand until this closure.
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