News@Nine THURSDAY 17TH APRIL 2014
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Sony struggles to keep up as 7 million PlayStation 4 consoles fly off shelves


17 April | 08:29 AM | My-Retail Media | My-Retail Media

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. The Japanese tech giant said sales have easily outpaced those of PlayStation 3, which sold 3.5 million units between its launch in November and the end of March 2007, making the PlayStation 4 twice as popular in its opening months.

Sony


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F&M bag

Fortnum and Mason comes to Middle East


After almost three centuries at the heart of London's busy Piccadilly retail district, Fortnum and Mason is broadening its horizons. The upscale British store, which is a favorite of the Queen Elizabeth, the Duchess of Cornwall and the Duchess of Cambridge, opened its first ever standalone store outside of the UK in Dubai last month.

GAP Jeans

Gap Predicts Sales in China Will Triple in Next Three Years


Gap expects its sales in China to triple in the next three years to $1 billion, making the country its second-largest market, the retailer said on Wednesday. Last year, Gap opened 34 namesake stores in China, bringing its total there to 81. It will open about 30 more this year. The company recently opened its first Old Navy store in China.

three dresses on hangers

Adidas announces Mary Katrantzou collaboration


London-based designer Mary Katrantzou has announced a new collaboration with sportswear giant Adidas. Katrantzou will design a capsule collection of clothes and footwear for Adidas originals women’s collection for autumn 2014, focusing on her signature hyper-colour and kaleidoscopic patterns. “I grew up, like so many other kids around the world, wearing adidas trainers and I'm really excited about bringing my vision to such a global brand,” said Mary.


My Tube: Atomic Vindaloo Curry
Atomic Vindaloo Curry
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Eggs

The real casualties of the supermarket price wars


The threat posed by the hard discounters on Britain’s big four retailers has been well documented. Tesco’s chief executive Philip Clarke today described his discount rivals as “formidable” as he announced further plans to slash prices beyond the £200m already set aside in February.

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MADE.COM crowned UK’s second-fastest growing tech company


Design-led furniture retailer MADE.COM has been crowned the second-fastest growing tech company in the UK. Based in Notting Hill, the e-commerce design specialist has been listed by The Next Web as one of the UK’s five fastest growing tech companies, known as Tech5. Judged on actual revenue, traffic and employee data, MADE.COM’s impressive rate of growth since its launch in 2010 landed it second place in the Tech5 lineup, just behind Haillo and ahead of Swiftkey.

Burberry bag

Burberry H2 revenue up nearly 20%


British fashion house Burberry on Wednesday revealed second-half revenues rose by 19 per cent thanks to strong sales in China and Korea. Despite remaining cautious of the negative impact of currencies on its profits for the next two years, Burberry yet again managed to beat analyst expectations for the period, with total revenue for the six months to 31 March standing at £1.298 billion.


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