Analysis Of The Closure Of Future Shop Stores Across Canada

Analysis Of The Closure Of Future Shop Stores Across Canada

July 17th, 2015



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The Analysis & Recommendations for the Closure of Future Shop

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Group 28:

Joshua David (20421373)

Anthony Cheung (20506336)

Judy Jia (20511504)

Karen Lau (20511433)

EXECUTIVE SUMMARY:

Given the recent closures of Future Shop stores across Canada, there is significant uncertainty facing customers, employees, suppliers, and landlords. Customers will have concerns regarding gift cards, product returns, and warranties. The challenges of dealing with employees include addressing termination packages, retaining the best personnel, and transitioning Future Shop employees from a commissioned pay plan to a salaried structure. Suppliers concerns will stem from goods transported to Future Shop on trade credit, and the loss of future business. Landlords will be concerned with the status of their lease agreements with Future Shop. Also, the decision on whether to amalgamate or wind down Future Shop operations will be of utmost importance. Our team has done extensive research into the failures of Target, and is best suited to help Best Buy navigate through this delicate transition period. This report analyzes the concerns that Best Buy will face, and addresses them from a behavioural and legal perspective. In order to maximize the benefits and limit the risk, our analysis indicates that Best Buy should wind down Future Shop operations and maintain it as an inactive company.

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