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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 business, which accounts for roughly a quarter of Apple’s total revenue, is expected to grow 5.7 The world’s most valuable firm will wrap up Big Tech earnings on Thursday, with a likely 1.6

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Blanket recycling pioneer calls it a wrap

Inside Retail

The sustainable label was founded in 2016 by sisters Karina and Samantha Seljak with an aim to accelerate the transition towards a more circular economy. Seljakā€™s blankets will be available for purchase until stocks last, with sale announcements made via its social media account and mailing list.

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

Inside Retail

The 50 per cent reduction target compares with the 2016 financial year, while its prior 15 per cent goal was set in 2017. The 2023 emissions were down 22 per cent compared with 2016. Ikea’s use of raw materials such as wood accounts for the biggest share (45.9 “We are very much looking forward to scaling this.”

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Walgreens Boots Alliance Exec Appointments: Shakeups Reaffirm Focus on Healthcare

Retail TouchPoints

He initially joined WBA in 2016, serving as SVP, Global Controller and Chief Accounting Officer and took over as interim global CFO in July 2023 to support WBA in its cost-cutting measures. Healthcare business in a senior advisory role. Another headline appointment is Manmohan Mahajan, who is WBAā€™s new EVP and permanent CFO.

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Mattress Firm Puts IPO on Ice, Citing Market Volatility

Retail TouchPoints

After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO. In 2017, Mattress Firm filed for bankruptcy to facilitate a prepackaged restructuring that included the closure of 700 underperforming stores.

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Amazon Launches Anti-Counterfeiting Exchange to Enlist Other Retailers in Fighting Fakes

Retail TouchPoints

However, Amazon did say that through the pilot of ACX, it already has detected hundreds of matching accounts, where the same counterfeiter tried to create selling accounts on Amazon and at least one other store operator. ā€œWe We look forward to supporting this momentous effort with all of the tools that the IPR Center brings to bear.ā€

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Torrid Appoints Retail Veteran as New CEO

Retail TouchPoints

Chinwe Abaelu, SVP and Chief Accounting Officer, will serve as Principal Financial Officer until Torrid appoints a new CFO. Incoming CEO Harper has previously served as CEO of the plus-size retailer, from March 2011 until July 2016. More recently, Harper was CEO of Belk from 2016 through 2021 and then served as Executive Chairperson.

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