Business

Sony to close all 14 Canadian stores within 2 months

Sony is closing its 14 stores in Canada over the next six to eight weeks, the company announces in a statement. In an interview with CBC News, a spokesman for Sony Canada said he couldn’t disclose why the stores were closing, or how many stores and jobs will be affected.

90 jobs to be affected across country

Sony says it will close its 14 retail stores in Canada within the next six to eight weeks. (Toru Hanai/Reuters)

Sony is closing all 14 of its stores in Canada over the next six to eight weeks, the company announced in a statement today.

Approximately 90 jobs will be affected, a spokesman for Sony Canada told CBC News. Sony Canada is not saying why the stores are being closed.

According to information on the Sony Canada website, there are 14 official Sony retail locations in Canada:

  • Three in Alberta.
  • Three in the Greater Vancouver area.
  • Five in the Greater Toronto Area.
  • One in Ottawa.
  • One in Montreal.
  • One in Quebec City.

In a statement, Sony said it was encouraging its Canadian customers to buy Sony products at third-party retailers across the country, through its online store or by telephone.

The statement said Sony would support authorized Sony retailers, enabling them to continue selling its products and providing support for customers.

Sony said it will reach out to previous Sony store customers in order to provide details about warranties and technical support in the future.

Company in stormy waters

Sony was once a leader in consumer electronics, giving the world the Walkman personal music player, the PlayStation gaming console, and a slew of popular video camcorders. But the Japanese company has struggled of late, cutting fiscal forecasts time and again.

Most recently, Sony Entertainment was the victim of a cyberattack over the controversial film The Interview, in which hackers crippled the Hollywood studio's operations and posted confidential emails, financial data, and personal information online.

Sony is considering an exit from some of its core businesses in an attempt to reverse its fortunes, according to a recent report by Reuters. That report cited company sources who said Sony was considering selling off its TV and mobile segments in the face of stiff competition.

Corrections

  • A previous version of this story reported that Sony has 15 stores in Canada. In fact, Sony has 14 stores. One location listed on the Sony website is a temporary kiosk.
    Jan 15, 2015 3:43 PM ET

With files from Reuters