Future Shop had been around since the 80s, with a big expansion push in the 90s, including opening a bunch of stores in the States. Their US endeavor failed, but they were pretty much the only game in town in Canada (except for a few smaller players, like A&B Sound).
Best Buy bought Future Shop in 2001 and ran the two brands as competitors when they started opening Best Buy branded stores in 2002. Like at Northland, Deerfoot Meadows, and Sunridge, they often opened both brands in very close proximity to each other.
They operated as separate brands for over a decade.
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