TORONTO – Sony Corp. is closing all of its stores across Canada.
Sony made the announcement Thursday, the same day U.S. retail giant Target announced it is pulling out of Canada.
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A Sony Store employee confirmed to Global News the company is closing stores in the U.S. and Canada.
“Sony is getting out of retail,” he said. “We’re shocked but it’s all for progression.”
Sony is expecting to post a nearly $2 billion loss this fiscal year.
About 90 employees will be affected by the closures.
In a statement to the Ottawa Citizen, Sony said it would close its 14 Canadian stores over the next six to eight weeks.
Sony has locations in Toronto, Ottawa, Vancouver, two in Quebec and three in Alberta.