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Canada  + Cross Border News  + Ontario  + Quebec  + Retail  | 

Bell to Close Extra Source Stores

Bell Canada intends to close surplus The Source stores not included in a new partnership with Best Buy Canada.

Under the terms of the partnership, 165 Source stores will be rebranded as Best Buy Express locations, smaller versions of the big-box electronics retailer’s usual spaces.

Bell spokeswomen told the Globe and Mail and Bay Today that additional Source locations which are not part of the rebranding effort will close in 2024.

“This transition will take several months and we don’t have further details as we finalize the transition plan,” Bell spokeswoman Rachel Jaskula told Bay Today.

The publication is based in North Bay, Ont., where a Source location’s future is uncertain. ‘

The rebranded stores will offer consumer electronics from Vancouver-based Best Buy Canada and telecommunications services via Bell.

According to the Globe, there were 300 Source stores at last report.

Photo: JHVEPhoto / Shutterstock.com

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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