The South Surrey Best Buy suddenly shut its doors Thursday - the same day the company announced the closure of more than a dozen Best Buy and Future Shop locations across Canada.
In a release, the Burnaby-based company, which also owns Future Shop, stated the closures of seven Best Buys and eight Future Shops was "part of a long-term transformational strategy to optimize the company's retail footprint across the country."
Located at the Morgan Crossing shopping district, the South Surrey Best Buy opened just under three years ago in the spring of 2010.
According to the release, Best Buy plans to move toward opening new small-concept Future Shop locations and Best Buy Mobile locations rather than the big-box style stores many have come to expect from the company.
"The move was based on an extensive review of Best Buy's retail footprint in Canada in an effort to reduce unnecessary costs, eliminate redundant operating systems and to optimize its real estate strategy to reflect a more a changing retail landscape," reads the release.
As for employees, Best Buy said those affected by the closures will receive severance and access to programs for opportunities elsewhere within the company, with hiring priorities being offered to previous employees.
The Morgan Crossing Future Shop, located less than a block from the Best Buy, will remain open at this time.
© Copyright 2013