Sony closing all Toronto stores

When it rains the retail sector, it pours. Hot on the heels of Target's withdrawal from the Canadian market, Sony has announced it will also be shutting down all of its Canadian retail stores.

The CBC reports that the tech giant plans to close all of its Canadian stores, including six GTA locations, within the next two months. The company said it would be moving toward an online-only retail format in Canada, as well as continuing to supply to other vendors.

Sony's already been scaling back its retail presence in the GTA; its Eaton Centre store closed in the spring - due, it's been rumoured, to a major rent increase.

Stores at Yorkdale, Scarborough Town Centre, Square One, Heartland Town Centre, and Upper Canada Mall, as well as a small location at the foot of the Sony Centre for the Performing Arts, still remain.

Photo via Sony