Description: Technology retailer, Best Buy announced it will close fifteen Best Buy and Future Shop locations across Canada, leaving at least 900 employees without a job.
Source: CBC
Date: January 31 2013
Video link: http://www.cbc.ca/player/News/Business/ID/2331023819/
Questions for Discussion:
- What are some of the reasons for these closures?
- Do you foresee more such closures by Best Buy in future?
- Suggest strategies that can help Best Buy to improve their performance?
- In your view, which retail brands are more likely to sustain growth in the present economy?
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