Posts

Showing posts from June, 2019

The ghost of Future Shop Past

Image
Future Shop Logo Today for Lost Retail History.  I 'll  be talking about  a  old chain of electronics stores called Future Shop. Best Buy owned future shop from 2001 till its 2015 demise after Best buy decided to permanently close 65 stores and keep 60 or so stores open as Best Buys due to overlapping stores. Beginnings Future shop was founded in 1982 by Hassan  Khosrowshahi  in Vancouver .  The store sold computers, software, games, videocassettes, audio equipment, music, and other electronics. Future shop reached $2.8 million In sales by December 1983.    The 90s By 1990, Future Shop became the largest retailer of computers and consumer electronics in Canada and was operating 38 stores across the country and parts of the United States.    In 1998, Future Shop purchased the Canadian division of Computer City from CompUSA.   By the end of 1998, the U.S. locations of Future Shop were performing badly, with $53 million in losses over the last f

Walmart tests new Urban Supercentre Concept

Image
Last week, Walmart launched their new urban Supercentre concept at theit Stockyards store in Toronto. The new concept i ntegrates ecommerce, third-party shops, state-of-the-art technology, and an updated assortment into a new design and layout for urban markets. This concept includes the following new features: Image: Walmart New revamped Market, with new wood accents and spotlights in produce A new Grab and go food section with seating Third party shops such as Freshii, UPS Store, and Miniso Image of the Fast lane checkouts at another location Fast lane checkouts where My Walmart App users scan the barcode on their order, have the order charged to their credit card on file and show the receipt on their phone to the "Fast Lane" associate.  walmart.ca section A dedicated Walmart.ca section , where customers can see and shop for extended aisle products and speak with expert associates who can answer questions and assist with online orders.