All Channels
840°

Sony to Close 20 out of 31 US Retail Stores

SonyRumors: Sony has officially announced that the company plans to close a majority of its retail stores in the US and keep only 11 outlets open, down from 31.

Read Full Story >>
sonyrumors.net
allegrissima3701d ago

Sad stuff. I'll miss the Century City store in particular, but it's never a good day when anyone has to lose their job.

cell9893700d ago

I hope the on e in Vegas stays open

bebitech3701d ago

Sad indeed. The spiral continues

SilentNegotiator3701d ago (Edited 3701d ago )

They were actually in the black last quarter (Not year, their year sucked, but in the quarter they made profit because they made necessary cuts and released Ps4). They're cauterizing open, bleeding wounds so that the spiral does NOT continue.

joeorc3701d ago

@SilentNegotiator

"They're cauterizing open, bleeding wounds so that the spiral does NOT continue."

100% Exactly, since Kaz took over he told the Board of Directors what he intended to do, and he is following through with those directive cuts.

By making the entertainment Arm a 100% owned LLC that is not for public IPO hedge fund Mgr's Like Dan Lobe cannot get his hooks into the value centric parts of the company. these custs were needed and Kaz and the board know exactly where to move the company going forward.

Azmatik3701d ago

yes very sad indeed but I guess why have sony stores when you can buy sony products at every store

SITH3701d ago

No matter how you Sony kids spin it, it is still a down hill slide to bankruptcy for Sony. The playstation brand can in absolutely no way float the entire Sony boat.

MysticStrummer3700d ago

"No matter how you Sony kids spin it…"

Always a great way to encourage mature conversation.

smh

+ Show (1) more replyLast reply 3700d ago
Kanedas_Bike3701d ago

This was predicted earlier this year. I will look for the article.

EvoNeonLover193701d ago

Nooo not the wrentham Store. Sony you already closed down the one in Providence, what are you doing to me? Both stores always had people in them.

Show all comments (22)
80°

How to preorder Sony's PSVR 2 before scalpers get them all

Sony's preorder routine is slightly different this time around.

Read Full Story >>
knowtechie.com
80°

CES 2023 cars recap: BMW i Vision, Afeela, Ram 1500 Revolution and more

With BMW, Sony Honda and Ram revealing EV plans, cars dominated CES 2023

Read Full Story >>
theshortcut.com
60°

Sony has sold out around 25 million PlayStation 5 consoles

According to a recent statement by Sony, it has sold out around 25 million PlayStation 5 consoles.

Read Full Story >>
cruzingspeed.com