Best Buy isn't pulling out of Canada completely, like its fellow Minneapolis-based competitor Target recently did. But Best Buy has announced that it will close 66 of its "Future Shop" locations in Canada, and will convert the remaining locations to Best Buy stores.
The merchants listed in Dealerscope’s registry of the Top 101 CE retailers in the United States and Canada sold $227.7 billion in consumer electronics in 2014, a modest 3.35 percent increase over the $220.32 billion earned the previous year. Relatively static sales, however, are not indicative of a static marketplace.
Sony announced that it will close all 14 Sony Store locations in Canada.
Target is closing all 133 of its stores in Canada, the retailer announced Thursday.
Vizio has announced that it will bring its P Series, the company's first Ultra HD models, to the Canadian market.
Sometimes cool tech isn't met with the warmest of receptions. Smartwatches have yet to really take off, Google Glass went out of focus, and bendable displays are attracting an awful amount of ire.