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Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow

Inside Retail

per cent drop in total quarterly revenue, according to Refinitiv – its steepest drop in third-quarter revenue since 2016. The post Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow appeared first on Inside Retail. per cent rise in the quarter ended March.

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Publix Promotes Murphy to CEO Post; Jones Named Executive Chairman

Retail TouchPoints

He was named SVP of Retail Operations in 2016 and President in 2019. He was named President in 2008, added the CEO title in 2016 and was named CEO in 2019. All three executives are long-time Publix veterans: Murphy began in 1984 as a front service clerk in Margate, Fla., working his way up through various positions.

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Retail Food Group settles class action filed by former franchisees

Inside Retail

The proceedings were about changes implemented to the supply chain between 2015 and 2016, and alleged breach of the Franchise Agreement, contraventions of the Australian Consumer Law and the Franchising Code of Conduct, the company said in its previous statement.

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Ethical fashion label Arnsdorf closes

Inside Retail

Arnott temporarily closed the company in 2012 and relaunched it in 2016. .” Arnott founded Arnsdorf in 2006 and established a following across Australia, North America, and Europe. The post Ethical fashion label Arnsdorf closes appeared first on Inside Retail Australia.

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Australian doughnut chain Lukumades launches in Singapore 

Inside Retail

Founded in 2016 in Melbourne, Lukumades is known for its loukoumades, which are bite-sized Greek doughnut balls. Australian doughnut chain Lukumades has launched its first presence in Singapore, with a brick-and-mortar store on Arab Street. The new Lukumades Singapore store is a vegan-friendly and Halal-certified location. and $12.

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Ecommerce KPI Benchmarks (October 2016)

Store Growers

Source: Monetate Ecommerce Quarterly (Q2 2016). Source: Monetate Ecommerce Quarterly (Q2 2016). Source: Monetate Ecommerce Quarterly (Q2 2016). The post Ecommerce KPI Benchmarks (October 2016) appeared first on Store Growers. Ecommerce Average Order Value. Average order value by traffic source. Direct: $123.79.

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Torrid CFO/COO Resigns; No Permanent Replacement(s) Announced

Retail TouchPoints

Harper was named CEO in May 2022; she had previously served as CEO of Torrid from 2011 to 2016 and served as CEO of Belk from 2016 to 2021. Torrid has had an unusually high number of top-level management changes over the past year. The retailer’s most recent financial results paint a picture of a company facing tough headwinds.

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