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

Retail TouchPoints

But it turned out that the emporium of toys, games and fun could not in the end withstand the relentless competition and margin hits from the internet and supermarket retailers. Less than a year later, the UK arm filed for administration and all the stores were eventually shut. Profits at Barbie and Hot Wheels firm Mattel were $126.6