Articles about japan

Sony struggles to keep up as 7 million PlayStation 4 consoles fly off shelves

Sony Corp. on Wednesday revealed it was struggling to keep up with demand for its new PlayStation 4 videogame console, after selling more than 7 million in just over four months to 6 April.

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Fast Retailing pulls out of takeover talks with J.Crew

Uniqlo parent Fast Retailing Co Ltd has reportedly pulled out of talks regarding a takeover of US fashion and lifestyle retailer J.Crew Group Inc.

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Uniqlo to launch new flagship in Berlin

Having taken London by storm, Japanese retailer Uniqlo is set to expand into Germany with a new ‘global flagship’ store in Berlin opening next month.

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Sony reportedly in talks to sell Vaio PC division in £300m deal

Sony is said to be in talks to sell its loss-making Vaio personal computer division, in a deal that could reach up to £300 million.

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Philips triple net profits
Photo credit: Philips

Philips – once renowned for its position in the audio and video products sector – has seen net profit for the third-quarter almost triple, sending its share price to its highest since mid-2010. Two years of cost-cutting, selling off weaker businesses and targeting new products at emerging markets, has finally paid off for the Dutch firm.

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Prada open new Tokyo store
Photo credit: Prada

Prada has this week opened a new store in Tokyo, Japan. Located in Ginza’s Chuo Dori St, the new store comprises of: men’s, women’s ready-to-wear, accessories and leather-wear sections over three floors and 1,000 sqm. At present, the Italian fashion house operates 14 sales points in Tokyo, half of which are within luxury department stores.

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Tesco withdraw from China to focus on the UK
Photo credit: Tesco

Tesco’s troublesome nine-year solo venture in China could be coming to an end this week as the supermarket giant closes in on a deal with China’s biggest retailer, China Resources Enterprise (CRE). The deal could end up costing Tesco several million pounds and involves combining Tesco’s 131 Chinese stores with CRE’s 2,986 sites.

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Panasonic to stop selling smartphones in Japan
Photo credit: Panasonic

Panasonic will stop selling smartphones in its home market Japan. The multinational electronics corporation said it would also begin outsourcing production of handsets sold to other countries. The tech giant, which is the world’s fourth largest television manufacturer by market share, has struggled with growing its smartphone operations, and confirmed that its mobile division has been set to make another loss.

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Louis Vuitton to unveil revamped Japan flagship

Louis Vuitton is to unveil its revamped Matsuya flagship in Ginza, Japan next week.

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Prada open new store in Osaka city, Japan
Photo credit: Prada

Luxury giants Prada opened its first freestanding store in the Japanese city of Osaka on Monday. The store is spread across five levels and 16,145 square feet. The store will stock Prada’s men’s and women’s ready-to-wear lines, leather goods, shoes and accessories.

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