In a press release, the company said it had reviewed its real estate footprint “to address the fact that a significant number of its Future Shop and Best Buy stores are located adjacent to each other, often in the same parking lot.”
It took them how many years to realize that might not have been a strategy for long-term success?
Okay, now that I'm done with the snark... this is yet another indicator that the era of the big-box electronics store, which I think peaked in the late 90s, is over. With physical media disappearing, and "gadget consolidation" eliminating much of the need for dedicated music players/laptops/desktops/cameras/game consoles, there's hardly anything left for these stores to sell except TVs.
On a local level, 10 Dundas lEast just became even more of a white elephant, with no anchor to draw people there at all anymore. I remember when it first opened how the growing demand for technology meant that electronics stores -- once small, niche market stores -- were now anchors for malls. Ironically, the big box electronics shop has gone from being champion of technology to a victim of technology: it's obsolete.