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Reports: JD.com to Spin Off Grocery Unit Centered on 7Fresh Supermarket Chain

Retail TouchPoints

JD.com reportedly plans to combine its 7Fresh supermarket chain with other online services, creating an independent company selling fresh food and groceries to millions of people throughout China, according to Bloomberg and other media outlets. million USD ) in net profits during the next two decades.

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Myer sales surge in a buoyant post-Covid era

Inside Retail

“As with most retailers, we remain cautious on the macroeconomic environment for the remainder of the calendar year but are equally confident in the continuing momentum we have within the Customer First Plan and a range of initiatives we are executing.”

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Accent Group hit fourth year of record profit, chart overseas expansion

Inside Retail

Sales across the group’s network of businesses, which now include Hype, Platypus, Subtype, Athlete’s Foot, The Trybe, Crèmm, and Pivot, as well as relative newcomers 4Workers , Stylerunner , Next Athleisure and Glue Store , hit $1.14 per cent to $242 million, leading net profit to hit $76.9 billion – a 19.9 million, up 38.6

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 The Toy Store of the Future. million for its FY 2020, compared to a loss of more than $200 million the previous year.