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Sony stores close six shops across the West Midlands

SONY stores become the latest High Street casualty of 2013 as six shops in the West Midlands closed their doors this week.

SONY stores become the latest High Street casualty of 2013 as six shops in the West Midlands closed their doors this week.

The Sony Centre in Mell Square, Solihull, joined Sutton Coldfield, Lichfield, Kidderminster, Stafford and Shrewsbury shops which have ceased trading following a downturn in sales.

Parent group Victor Electronics has now gone into liquidation.

The closures have led to 30 staff being laid off while customers who ordered goods shortly before the collapse are waiting for compensation.

Liquidator Bijal Shah of insolvency practitioners Re10, said: “This is unfortunately another current retail casualty.

“The company has gone into liquidation and all the stores have ceased trading.

“The firm’s business had dropped off a cliff and their turnover was very poor, the rent and rates were very high and they couldn’t survive in those circumstances.

“But Sony are being very good about it and are looking at each customer case on their merits.”

He said a total of eight stores had closed, with six in the West Midlands.

The demise of Victor Electronics, which has been trading for more than 25 years, is the latest bad news for retailers following other insolvencies at chains including HMV, Blockbuster, Jessops and Republic.

 

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