Remove 2023 12
article thumbnail

As more factories switch to renewable power, Ikea sets new emissions targets

Inside Retail

Ikea, the world’s biggest furniture brand, said it aims to cut emissions by 50 per cent by its 2030 financial year, up from its previous target of 15 per cent which it already exceeded in 2023. The 50 per cent reduction target compares with the 2016 financial year, while its prior 15 per cent goal was set in 2017.

article thumbnail

NRF Big Show to Spotlight Innovative Consumer Products and Workforce Solutions

Retail TouchPoints

15-17, 2023 and featuring more than 950 exhibitors and 100 educational sessions. Additionally, Lowe’s Marvin Ellison will be honored with the NRF 2023 Visionary Award. Get the Skinny on 2023 Trends. Taking place January 15-16 from 10 a.m.

Consumer 259
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Behind Abercrombie & Fitch Co’s record results lies a decade-long reinvention

Inside Retail

The results are impressive considering less than 10 years ago, in 2016, the company’s namesake brand, Abercrombie & Fitch, was ranked as one of the most hated retailers in the US by the American Customer Satisfaction Index. Net income rose six times over to hit US$115.1

article thumbnail

Roark Capital to buy sandwich chain Subway for up to US$9.55 billion

Inside Retail

The deal contact allows for 12 months for the transaction to be completed, according to the sources. Subway, which has closed thousands of US locations since 2016, said a year ago that it wants to shift away from its current base of small franchisees that own just one or two shops, which tend to be family-run and sometimes barely scrape by.

Finance 246
article thumbnail

From China exit to Malaysian milestones: the M&S Journey in APAC

Inside Retail

In 2016, just after opening its 10th store in mainland China, M&S made a complete exit from the country. In August, the company reported group sales of £12 billion ($23 billion) for the 2023 financial year, an increase of 9.9 Group profit before tax in the 2023 financial year was £475.7 While this is down from the 21.5

article thumbnail

Country Road Group’s Matthew Horn on the “secret sauce” of great organisations

Inside Retail

In 2016, he left to join another start-up: Uber. To give just one example, in 2023, Country Road Group launched three mobile apps in less than 12 months, rolling out platforms for the Country Road, Mimco and Witchery brands. This is part of the company’s strategy to shift more customers to mobile.

Fashion 130
article thumbnail

The rise of cannabis retailing

Inside Retail

It is the most-used illicit drug in the country, with 35 per cent of people saying they have used it at some point in their lives, and 11 per cent using it in the past 12 months. This would create exciting opportunities for bricks-and-mortar outlets and online sellers to explore the world of high-end cannabis retail spaces. Design innovation.

Boutique 246