Preview

Swot Analysis Future Shop

Good Essays
Open Document
Open Document
1108 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Swot Analysis Future Shop
Introduction

Future Shop (http://www.futureshop.ca/en-CA/home.aspx)

From Wikipedia, the free encyclopedia

Future Shop is Canada's largest consumer electronics retailer. Future Shop operated 139 stores across all of Canada's provinces in January 2013.

Future Shop was purchased for C$580 million by Best Buy on November 4, 2001. The company was renamed Best Buy Canada Ltd.—a wholly owned subsidiary of its American parent. It has continued to operate Future Shop as a separate division, with most locations under their original name. Future Shop continues to grow and open new stores across Canada. In December 2008, Future Shop opened its new flagship store in Edmonton at South Edmonton Common, which is the largest in Canada.
The key
…show more content…
operations. Despite plans for more locations in the U.S. over the next several years, the company instantly stopped any new plans for further expansion in the United States until the existing U.S. stores improved their performance in sales. (http://en.wikipedia.org/wiki/Future_Shop)

Identify the mission, the vision, philosophy and the objectives of the company & Made a comparison between the time when they started their activities with which they are rendered today

In almost 30 years, Future Shop has grown from a “one store operation” located in Vancouver, British Columbia, to Canada’s largest retailer and e-tailer of consumer electronics with 140 stores from coast to coast, and an average of over 125,000 unique visitors to the website every day. (see store locations).

Established in 1982, Future Shop’s first store was located in Vancouver, British Columbia and showcased 4,000 square feet of the latest consumer
…show more content…
Those two worlds collided in spectacular fashion at the end of 2012 when British Columbia and Ontario were the first provinces to play host to a new kind of retail experience in Canada. The new Futureshop.ca stores that opened in North Vancouver, BC and Brockville, ON feature the hottest products in-store, and also provide customized web kiosks for access to the full online assortment. Designed to allow customers a way to check out products in-store and online simultaneously with experts on hand, Futureshop.ca stores are designed to evolve with the changing needs of Canadian consumers.

Future Shop offers the latest in home and entertainment products including a wide selection of brand name televisions, computers, tablets, smartphones, cameras, audio devices, video games, movies, and appliances. And it’s all backed by our Price Beat Promise that even includes beating online competitor’s prices.

In addition to technology, Future Shop has added a new ‘Discover More’ section, featuring thousands of products never before seen at www.FutureShop.ca. Items like kids’ toys, tools for the home and garden, luggage, health and beauty products, travel items, furniture, and much

You May Also Find These Documents Helpful

  • Powerful Essays

    Best Buy Analysis

    • 12713 Words
    • 51 Pages

    According to the Best Buy’s corporate website, the company’s “unofficial” mission statement is simple, “We’re a growth company focused on better solving the unmet needs of our customers.”1 Upon reviewing this statement, our team was motivated to construct a unique plan that expands Best Buy brand and influences new target markets, while also continuing to provide growth and development in Best Buy’s products and services. Our initiative is to develop smaller stores that feature a condensed selection of consumer electronics, these stores will be strategically placed in areas where customers have unmet needs. The products, services, and staff offered will, high quality and knowledgeable service. These condensed stores will focus on the…

    • 12713 Words
    • 51 Pages
    Powerful Essays
  • Satisfactory Essays

    Greggs Background

    • 358 Words
    • 2 Pages

    ➢ Plan to open 600 + stores, which tells us they are doing thorough planning and forecasting.…

    • 358 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Best Buy Overview

    • 22173 Words
    • 74 Pages

    Best Buy is a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services in a superstore format. It operates retail stores and commercial Web sites in the U.S., Canada and China, under the brand names Best Buy (BestBuy.com and BestBuyCanada.ca), Future Shop (FutureShop.ca), Magnolia Audio Video (MagnoliaAV.com) and Geek Squad (GeekSquad.com and GeekSquad.ca). As of Feb 25 2006, Best Buy operated 742 Best Buy stores, 20 Magnolia Audio Video stores and 12 Geek Squad stores in the U.S.; and 118 Future Shop stores, 44 Best Buy stores and five Geek Squad stores in Canada.…

    • 22173 Words
    • 74 Pages
    Powerful Essays
  • Good Essays

    Debenhams

    • 3433 Words
    • 14 Pages

    The stores are located in various locations, including town centres, high streets and shopping centres and cover a wide geographic and size range.…

    • 3433 Words
    • 14 Pages
    Good Essays
  • Powerful Essays

    Offers everything from toys to video games to MP3 downloads and collectible items (apparel, furniture, jewelry, food, DVDs, cosmetics, pet supplies, etc.)…

    • 993 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Best Buy Marketing Paper

    • 6440 Words
    • 26 Pages

    Best Buy Inc. has been performing business and providing customers with products and services in the United States for over forty-three years. From what started as an idea and a small music shop in St. Paul, Minnesota, Best Buy Inc. now operates over 1,500 "big box" retail stores around the U.S. They have constantly grown to become the largest specialty electronics retailer in the entire world. With ventures expanding into other countries such as China, Mexico, United Kingdom, and many others, Best Buy has plans to develop stores, distribution, and networks throughout the world to better serve its customers as we become more dependent on our gadgets and technology in our everyday lives.…

    • 6440 Words
    • 26 Pages
    Good Essays
  • Good Essays

    Five Sports Bar and Grill

    • 600 Words
    • 3 Pages

    Expansion plans are already underway. Owner funding and internally generated cash flow will enable additional stores to open. Sales projections for the next four years are based upon current planned store openings. Site surveys have been completed and prime locations have been targeted for store expansion.…

    • 600 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Best Buy case study

    • 1034 Words
    • 5 Pages

    The company’s subsidiaries included Geek Squad, Magnolia Audio Videos, and Pacific Sales. In Canada, best buy operated under both the best buy and future shop labels.…

    • 1034 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    The company also has distribution warehouses in Canada, the United States and Australia; they also believe that these distribution infrastructures will be adequate to oblige store growth and product offerings in the next couple years.…

    • 398 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Ikea

    • 1417 Words
    • 6 Pages

    The biggest store in the Southern Hemisphere is located in Tempe, Sydney, Australia with a total area of 39,000 m2. The biggest store in North America is located in Montreal, a province of Quebec, Canada. The store was opened in 1986 in the Ville-St-Laurent area, and was completely renovated and expanded in 2013. Built in 1986, the store's initial area was 22062 m2, while the…

    • 1417 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Fnac

    • 361 Words
    • 2 Pages

    In 2008, Fnac opened 10 new stores bringing their total locations, internationally, to 207 with 63 of those outside of France. The company objective for 2009 is to strengthen their position on each of these countries as well as further international expansion.[34] In November 2007, Denis Olivennes, chief executive officer of Fnac, said, "We are moving from a strategy based on our position as a retailer of cultural and technological products to undertake a new, more global initiative, in which the product is only one aspect among others."[35]…

    • 361 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Regression Analysis

    • 5540 Words
    • 23 Pages

    is the shop being proposed? What is the outlet’s monthly promotional budget? and adjust our…

    • 5540 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Future Retail is the flagship company of Future Group, India’s retail pioneer catering to the entire Indian consumption space. Through multiple retail formats, they connect a diverse and passionate community of Indian buyers, sellers and businesses.Around 300 million customers walk into stores each year and choose products and services supplied by over 30,000 small, medium and large entrepreneurs and manufacturers from across India.…

    • 2189 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Future Value Retail Limited is a wholly owned subsidiary of Pantaloon Retail (India) Limited. This entity has been created keeping in mind the growth and the current size of the company’s value retail business, led by its format divisions, Big Bazaar and Food Bazaar.…

    • 1257 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    1. General Products : Shopper’s Stop includes domestic as well as international retail articles and products…

    • 269 Words
    • 2 Pages
    Satisfactory Essays