Sony is opening another year with a round of closures of its Sony Stores, in this case all 14 locations within Canada.
The Ottawa Citizen first reported the news, later confirming it with a
statement from Sony. The business will be redirected to Sony's online
store and retail partners, Sony said.
Last year around this time, Sony announced 20 Sony Stores would be shut down,
leaving 11 open in California, Florida, New York and Texas. That was
part of cost-cutting efforts, set to close in March this year, that will
eliminate 5,000 jobs, sell off its Vaio PC division and spin off its TV
business.
Sony's stock price is higher than it was a year ago at this time, by
about $3, but still is about $15 lower than what it was in 2011.
Source: Ottawa Citizen
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