It barely lasted a week. Google is dissolving the Advanced Technology External Council (ATEAC), the seven-person ethics board which would advise the company on themes like artificial intelligence and facial recognition, just eight days after announcing its creation. The reason? Over 2,400 Google employees […]

INTERVIEW As part of Yankeemagazines’s Work In Style series, Jess Tedds, International Wholesale Senior Manager at womenswear brand Quiz Clothing, shares the ins and outs of her job and her top tips for a career in fashion wholesale. What is your background? From a young age, I have always had a passion […]

Mothercare plc, for its 12 week period to March 30 2019 reported UK like-for-like sales (LFL) decline of 8.8 percent. The company said, improved UK LFL driven by clearance stock volumes in closure stores, which diluted gross margins but cleared all inventory in these stores. International retail sales […]

Rocket Internet SE, in FY 2018 reported 45 million euros (50.5 million dollars) of consolidated revenue and a consolidated profit of 196 million euros (220 million dollars), resulting in 1.28 euro earnings per share compared to 0.01 euro earnings per share in FY 2017. Commenting on the company’s full […]

Investors are now setting their sights on Africa as a growing retail scene. Mastercard has announced its plans to invest in Africa online retailer Jumia. The credit card company will be joined by other investors including Pernod Ricard, MTN Group and Rocket Internet. Mastercard and Jumia first worked […]

Bangladesh’s safety inspection agencies are not ready to assume responsibility for the the 1,688 garment factories under the purview of the Bangladesh Accord on Fire and Building Safety, according to a report published this week by the Clean Clothes Campaign, the International Labor Rights Forum, the […]

Hudson’s Bay Company (HBC) has announced that sales totalled 9.4 billion Canadian dollars (7 billion dollars) for the year and 2.9 billion Canadian dollars (2.1 billion dollars) in the fourth quarter to February 2, 2019. The group’s continuing operations posted a net loss of 226 million Canadian dollars […]

UPDATESuperdry’s CEO Euan Sutherland, chairman Peter Bamford, chief financial officer Ed Barker, and chairman of the remuneration committee Penny Hughes have all resigned from the company’s board with immediate effect following the successful comeback of co-founder Julian Dunkerton. In a company meeting […]

Kering has announced the completion of the sale of its US sports and lifestyle brand Volcom. The company said in a statement that the US company, Authentic Brands Group (ABG), has purchased the intellectual property rights of Volcom, effective April 1, 2019. The current Volcom management team has acquired […]

Superdry co-founder Julian Dunkerton has narrowly won a vote by the company’s shareholders to reinstall him onto the retailer’s board. Dunkerton, who remains the company's biggest shareholder with a stake of over 18 percent, received 50.75 percent of the proxy votes ahead of a company meeting to decide […]

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