It was announced early today by the Sony that it is shuttering 20 out of its 31 retail stores in the United States. The remaining 11 stores are located near the major markets.
This shouldn’t come as much of a surprise. As the company’s press release states, this move is designed to place Sony in a more competitive stance. The Sony of today is in flux. It’s offloading unprofitable divisions left and right in an attempt to right the capsizing ship and sold off its PC business just last month.
Over the Last 2 years, Company has already eliminated over 12,000 positions. More 5,000 will be effected after closing these stores.