Q46: Will it be announced in 2015 that any of the Future Shop or Best Buy locations in Ottawa will close or change ownership (beyond the Gloucester one)?
Yes: 20%
No: 80%
(A change in ownership of all of the Future Shop and Best Buy stores together will not count for this question. A closure of Best Buy Mobile would count)
Future Shop and Best Buy (which are under the same ownership) have recently faced significant challenges due to competition from online retailers. Future Shop recently closed its Gloucester location (as well as locations in Kingston and Regina). 15 Best Buy/ Future Shop locations closed in January 2013. There are currently around 200 Best Buy/Future Shop stores in Canada. In Ottawa, there are 3 Best Buy locations, 2 Best Buy Mobile locations, and 5 Future Shop locations.
I do not think any more stores will close in 2015; store closings seem to be concentrated in the past two years have been concentrated at the end of January (probably due to Christmas and Boxing Day). Also, the closure of one store should help the profitability of nearby stores.
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