Sony has confirmed that the company will close 20 Sony Stores in the US this year, circa two-thirds of the 31 Sony retail outlets in the country.
“While these moves were extremely tough, they were absolutely necessary to position us in the best possible place for future growth,” said Sony Electronics President and COO Mike Fasulo in a statement. “I am entirely confident in our ability to turn the business around, in achieving our preferred future, and continue building on our flawless commitment to customer loyalty through the complete entertainment experience only Sony can offer.”
Sony had previously announced other cost-cutting measures for the 2014 fiscal year, including 5,000 layoffs worldwide, sale of the company’s Vaio PC operations and spin-off of Sony’s television division.
