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Geoff Archer on Best Buy closures

Customers and staff heading to Victoria’s two Best Buy locations Thursday were met with closed doors and security guards, as Best Buy Canada closed seven Best Buy stores and eight Future Shops. It was a move that didn't surprise Prof. Geoff Archer. 

“A company who rents expensive real estate in enormous quantities on long-term contracts cannot really be flexible, and when margins move to smaller devices, as they are now, they will be dying to move to a smaller-format store,” he told the Times Colonist this week.Read more about the recent Best Buy closures in the Times Colonist.