Weather

Current Conditions
2.0 C
Cloudy
Today's Forecast
5 C
Periods of drizzle
Sponsored by Highland Ford

News And Views

Classifieds

Announcements

Entertainment

Shop Local

More Local

Search The Web

Google Search

National News

Best Buy Canada lays off 950 employees

Best Buy Canada lays off 950 employeesA customer walks to a Best Buy in Laval, Que. on Thursday Jan. 30, 2014. THE CANADIAN PRESS/Ryan Remiorz

TORONTO - Best Buy Canada is laying off about 950 full-time employees as the company reworks its operations to reduce layers of management and combines some of its sales departments.

The electronics retailer said Thursday that the job cuts will affect both its Best Buy and Future Shop stores across Canada.

Best Buy says the changes do not include any store closures.

Retailers have been grappling with a number of new competitors in Canada over the past year, including the arrival of Target and a more aggressive rollout of Walmart supercentres.

Best Buy has also spent more effort on boosting sales through its websites.

"We have seen our online sales grow by more than 50 per cent in the past year and new services, such as in-store reserve and pickup, more than doubling," said Best Buy Canada president Ron Wilson in a release.

"These changes in the way our customers are interacting with us have led us to look at how to best deploy our staff to meet those evolving needs."

Best Buy Canada operates 265 locations across the country, which include its Best Buy Mobile and Future Shop brands.

Advertising | Membership | Terms of Service | Privacy Policy | About SooToday.com | Contact Us | Feedback

Copyright ©2014 SooToday.com - All rights reserved