The Traderszone Network

Published in TZ Latest News 28 March, 2015 by The TZ Newswire Staff

Best Buy to rationalize Canadian operations

Best Buy Co Inc (BBY.N) is to consolidate its Canadian operations under the Best Buy brand, closing some stores but also investing $200 million in other stores and online operations in the country, the U.S. electronics retailer said on Saturday. The company, which currently runs stores and websites under both the Best Buy and Future Shop brands in Canada, said in moving to a single brand it has decided to close 66 of the Future Shop stores, while another 65 will be converted to the Best Buy brand.

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