42 search results for "best buy "

Filming notice for Best Buy ad on Bessborough Drive

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Some residents on Bessborough Drive in South Leaside have received notice that there will be a Best Buy commercial being shot on Thursday, September 22nd, 2016, between the hours of 7am – 11pm.  Surprisingly, none of the dozen production vehicles will be parked on Bessborough Drive, instead they will be seen on the south side of Rolland Road (between Bessborough and Hanna), on the North side of St. Cuthbert’s Road (between Bayview and Bessborough) and on the west side of Berney Crescent (150 meters from the corner).  Circle Productions has noted that a donation of $1000 is being made to the Trace Manes Playground Rejuvenation Project as a thank you for having their production in our neighbourhood.  Very nice indeed.

Best Buy layoffs follow abrupt closing in Leaside

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Out of work 
A week after closing its Leaside Future Shop, Best Buy Canada is laying off 950 people at its combined Future Shop and Best Buy retail stores. The company reveals that it has been hurt by intense competition during the holiday sales period. Online competitors such as Amazon and retail store competitors like Wal-Mart have cut into sales of electronics. Best Buy recently revealed that revenue fell 0.4 per cent to $12.8 billion in the holiday period with same-store sales dropping by 1.4 per cent. The Future Shop in the RioCan Centre at Eglinton Ave. E. and Laird Drive closed it doors January 24, 2014 at the end of business. The shuttering of the store will seem more abrupt to customers and employees than it is to the owners. This is said to be the third Future Shop to close in Toronto in past months. Business will be consolidated at the jointly-owned Best Buy store in the SmartCentre down the street. Employees at the large electronics retailer were stunned to learn they were out of a job when told by the company last Sunday. A number said they had not had a chance to adjust to the loss of employment much less start looking for another job. Some are said to have worked for the store since it opened in 1995. Nor will the landlord, national commercial space owner RioCan of Toronto. be surprised. The property bounded by Laird, Eglinton, Vanderhoof Ave. and the property line to the east is slated for re-development in anticipation of the arrival of the Crosstown LRT. As reported by The South Bayview Bulldog, there will be a secondary LRT station on the property now owned by RioCan near the main intersection beside the Pier One outlet. 

Big Box Blues abruptly take out Best Buy CEO

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Call it the Big Box Blues, a nasty combination of lowered consumer spending, high rents  and aggressive online competition. The blues hit Best Buy’s president today as he resigned abruptly as boss of the huge electronics retailer. Best Buy head office announced that Chief Executive Brian Dunn (left) resigned as part of a top to bottom re-alignment of the firm. The company faces stiff competition from discounters and online retailers. It’s missed sales expectations for several quarters in a row. Best Buy said director Mike Mikan (right) will serve as interim CEO while it looks for a permanent replacement for Dunn. 

Super Channel says Best Buy, Staples helping content theft

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Programs which Super Channel says are being stolen with android boxes sold by Best Buy, Staples and Canada Computers

The CBC reports Sunday that the Canadian movie and drama series carrier Super Channel has filed a lawsuit against four Canadian retailers for allegedly selling android box “pirate devices” and educating customers on how to use them to watch TV without paying for it.  In a court document filed in Federal Court this week, Super Channel accuses Best Buy, Staples, Canada Computers and London Drugs of copyright infringement, claiming their employees are “urging” customers to pirate online content using streaming devices that are sold in store. The four retailers “are advertently contributing to the creation of a culture of widespread infringement and theft,” Super Channel alleges in the document. “Their actions are high-handed and unfair to their customers and causing damage to the plaintiff.” Also listed as defendants in the lawsuit are customers who bought the “pirate devices” and received accompanying advice in store. They’re currently listed as “John Doe customers” because Super Channel doesn’t have their names, although it plans to pursue this information. Super Channel is owned by Edmonton-based Allarco Entertainment. CBC

Summerhill Market buys assets of All The Best Foods

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Summerhill Market has acquired the assets of All The Best Fine Foods, the legendary grocery outlet on Yonge Street at the corner of Price Street. That store, at 1101 Yonge, is closing because of redevelopment. A notice on the Summerhill Facebook page notes the acquisition of the All The Best Fine Foods at  483 Church Street and a “commissary kitchen” at 105 Vanderhoof Ave. It notes that ATBFF owners Jane Rodmell and  Sue Merry will join the Summerhill staff for a “transitional period.” The five businesses originally located on this old corner have been known affectionately as the Five Thieves for many generations

Future Shop closes stores, merges some with Best Buy

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Future Shop is closing all its stores in Canada and will rep-open some of them under the Best Buy brand. There will be fewer stores – some 192 in all — and as many as 1,500 people, combined full and part time, will be out of work. By the numbers, 66 Future shops will close, and 65 will be converted to Best Buy locations. A sign posted at a Future Shop store in Toronto directs customers toward a nearby Best Buy. Globe and Mail   Best Buy closures in Leaside in 2014

Best Buy/Future closing 15 big box stores

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Best Buy Canada has announced that it will  close 15 big-box stores and cut about 800 employees. The number is comprised of seven Best Buy and eight Future Shop stores. The electronics retailer is crying the Big Box Store Blues, saying consumers want smaller, more intimate retail experiences. And they might have added fuller and more immediate service. The firm operates under both the Best Buy and Future store brands. There is a Future Shop in the RioCan Leaside Centre at Eglinton Ave. E and Laird Drive and a Best Buy in the SmartCentre on Laird. A spokesperson said :“Right now, what were doing is re-sizing the retail footprint where it makes sense in certain markets and absolutely the plan is to grow a significant number of Future Shop small-store concept and the Best Buy mobile locations are going to continue growing as well.” The stores that are closing are B.C. Quebec, Manitoba, Alberta and Ontario. “It is fairly evenly spread out across Canada.  In Ontario, three Future Shops will close. They are in Ancaster, Barrie South and Erin Mills.  

Dollarama buys Latin retailer for as much as US$95 million

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Heading to Colombia

Dollarama is exercising an option to buy a majority stake in Latin American retailer Dollarcity, expanding a relationship that’s been in place since 2013. Analysts say Dollarcity is best established in Colombia, the large republic adjoining Panama and with coastlines on both the Caribbean and Pacific. It has a population of 50 million, 15 million more than Canada. Under the terms of the arrangement disclosed on Tuesday morning, Dollarama will make a US$40-million upfront payment, with the total purchase price rising to as much as US$95 million in the third quarter of Dollarama’s 2021 fiscal year.