Sony Closing 20 U.S. Stores As Part of Organizational Restructuring Plan - HotHardware
Sony Closing 20 U.S. Stores As Part of Organizational Restructuring Plan

Sony Closing 20 U.S. Stores As Part of Organizational Restructuring Plan

While Sony managed to hit a home run with its PlayStation 4 being priced $100 below the baseline Xbox One, the company's other divisions aren't faring as well. The mega-corporation has largely struggled ever since the economic downturn began in 2008, and things have finally come to a point where it's going to have to make major changes in order to maintain a sustainable business model. Sony has this week introduced plans to "restructure its organization to maintain its competitiveness in an evolving consumer electronics market."

It's a tough pill for a company as large and as prominent as Sony to swallow, we're sure. Sony's looking to cull headcount by 5,000 globally, and here in the United States, it will be shutting down 20 U.S. Sony Stores. "While these moves were extremely tough, they were absolutely necessary to position us in the best possible place for future growth," said Mike Fasulo, President and COO of Sony Electronics. "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 has seen profits shrink to nearly zero in the television business, and has seen its PC business become one that isn't even worth holding onto (it's looking to sell that). Beyond TV and PC, what's left for Sony? There's music, entertainment, and gaming, and little else. The company is having to re-shape itself to fit into a world where Sony doesn't rule the consumer electronics universe -- a very different position than the one it was in during the 1980s and 1990s.
0
+ -

Sony has stores?

0
+ -

I am no Sony fan in general and I always despised how they would try to kill open standards in order to promote their proprietary technologys, does anyone remember memory sticks or mini discs. I think they often thought they had a better product but didn't take price and adoption rates into consideration. That said they still make some outstanding products. The new 4K projector they recently came out with is the talk of the home theater industry. It blows away many projectors priced significantly higher and of course the new Playstation is a big hit. Sony still has a good future but some of the markets they play in are just so cut throat there is little room for higher priced players like Sony.

0
+ -

Sell it for less and they will come,...........

0
+ -

Sony had their own stores this I never knew either pretty cool

Login or Register to Comment
Post a Comment
Username:   Password: