A prominent industry professional explains how the Canadian retail industry is at a crossroads. Cuts to the retail industry over the past decade, coupled with a change in consumers tastes, means that companies will need to find new ways to attract and retain talent or risk going under in the face of new competition.
The consumer electronics retailer announced that it would close all 250 US locations — Canada is a different market, with twice the per-capita penetration.
About 100 Windows (by Microsoft) stores will open within Canadian Best Buy stores by September. It will sell Windows-based tablets, computers and other Microsoft products. Microsoft-trained sales staff will assist customers.
Best Buy Canada will be concentrating on popular, profitable products including tablets and...
Today Best Buy announced it will close 15 Canadian stores, responding to competition from electronics retailers such as Amazon and Apple. According to the Financial Post, Best Buy will replace these closers with smaller locations.
The store closures represent about 10% of the company's Canadian...