article thumbnail

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 company has so far avoided buzzwords like AI at its events, in a contrast with tech giants including Alphabet and Microsoft. per cent rise in the quarter ended March.

article thumbnail

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 Inter Ikea said emissions were estimated to total 24.1

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. The company worked with suppliers in Australia and Europe to weave recycled wool blankets that are recyclable at the end of their useful life.

article thumbnail

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. Elizabeth Burger rounds out the new leadership team, as WBA EVP and Chief Human Resources Officer (CHRO).

article thumbnail

Mattress Firm Puts IPO on Ice, Citing Market Volatility

Retail TouchPoints

But those plans are now at a standstill, with Steinhoff citing “volatility in the IPO market” as the reason behind the decision in a statement : “Mattress Firm continues to actively explore all options and paths forward, including resuming the IPO process once the markets are favourable.”.

Marketing 278
article thumbnail

Torrid Appoints Retail Veteran as New CEO

Retail TouchPoints

Torrid has appointed Lisa Harper as its new CEO, as current CEO Liz Muñoz steps into a newly created position as Chief Creative Officer (CCO) at the apparel retailer that serves women sizes 10 to 30. The change at the top comes amid a number of leadership shifts taking effect immediately.

Apparel 224
article thumbnail

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. “We Amazon has long been working to combat counterfeiters on its own site.