Is there a better way to close a store?

Best Buy shutters 15 locations without any warning to employees
By Amanda Silliker
|Canadian HR Reporter|Last Updated: 03/11/2013

On Jan. 31, hundreds of Best Buy and Future Shop employees across Canada showed up at work to find the doors locked and notices on the windows saying the retail outlets were closed.

Without warning, Burnaby, B.C.-based Best Buy, which owns the Future Shop chain, closed 15 stores, leaving 900 employees jobless — about five per cent of its 17,000-employee workforce, according to media reports.

The move was based on an extensive review of the company’s retail footprint in an effort to “reduce unnecessary costs, eliminate redundant operating systems and optimize the real estate strategy to reflect a changing retail landscape,” Best Buy said in a release.