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Sony to Close U.S. Stores, Sell Tokyo Headquarters

Feb 28, 2014, 8:24 AM by Eric M. Zeman

Sony this week announced plans to shutter two-thirds of its U.S. retail stores. It will keep several open, including its New York City flagship location. The move is being made as part of a cost-cutting measure. Along with the store closings, Sony plans to cut about 1,000 jobs in the U.S. and Mexico, amidst global cuts of 5,000. Last, Sony said that it plans to sell its old headquarters building in Tokyo. Sony used the building, which is now a home for several other businesses, from 1990 to 2007. The planned sale of its old headquarters follows Sony's sale last year of its Madison Avenue building in NYC for $1.1 billion. Sony announced several new devices at Mobile World Congress this week, including the Xperia Z2 and M2 smartphones, the Z2 tablet, and the SmartBand wearable.

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Versed

Mar 2, 2014, 2:11 AM

Sad

Haven't been impressed with Sony phone, Z2 will probably be and exceptionand might be interested in getting one. There is a Sony store not far from me. I get a corp. dscount with Sony stores, and many times they have pristine open box sales on items. I might want the new Z2, and its great to get gsm phones unbrandedand with some local support if there's a problem without having to deal with shipping back and forth.

Zpike

Sony has been pissing on their customers for years. This was inevitable.

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