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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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Sustainability and Profitability: How Embedding Sustainability can Boost Business Performance

Retail TouchPoints

This requires targeted upskilling in critical areas like carbon accounting and management, sustainable procurement and stakeholder management. Establishing clear communication protocols, cross-departmental KPIs and accountability measures is essential. Our research highlights that U.S.

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Returns and Fraud are on the Rise — Happy Returns Wants to Help

Retail TouchPoints

has nearly doubled over the last six years, now accounting for roughly 17% of all merchandise sold, according to Timothy Fehr, COO of Happy Returns, citing research conducted in partnership with the National Retail Federation. When we talked to [merchants] in 2016 and 2017, the immediate response was, Why on earth would I make returns easier?

Returns 272
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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.

Marketing 311
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Grill’d marketing deemed “extremely inappropriate”

Inside Retail

Grill’d initially denied it had breached the Advertising Code of Conduct with the ad, but has now said it will take steps to modify the ad to take the Panel’s concerns into account.

Marketing 331
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Amazon Launches Global Anti-Counterfeiting Team

Retail TouchPoints

In November 2016, Amazon filed its first-ever lawsuits against alleged counterfeiters. Amazon also has collaborated with brands and law enforcement to hold counterfeiters accountable through financial penalties, civil litigation and criminal prosecution. The company works with the National Intellectual Property Right Center in the U.S.,

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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.

Apparel 263