Cost cutting
Sony has
announced that it is closing its flagship PlayStation shop in San Francisco as
part of its cost cutting restructuring.
Sony has said that it will cut 16,000
jobs and closing plants as the company braces for a record operating loss of
$2.77 billion. As part of the cuts Sony said it will not renew its lease
for the PlayStation Store in the Metreon retail center in San Francisco when it
expires on June 16.
The PlayStation store is devoted exclusively to Sony's
videogame hardware and software and is the only one of its kind in the United
States. Sony spent $85 million building the 300,000-square-foot shopping
centre that opened a decade ago in the heart of San Francisco.
The outfit had
the main shops in the centre. However it since flogged it on to the Westfield
Group three years ago for an undisclosed price.