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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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“Building for the future”: Inside Endeavour Group’s plan for digital

Inside Retail

After spinning off from supermarket giant Woolworths, Endeavour Group completed its first year as an independent business with an impressive result this week. Group net profit rose 11 per cent to $495 million compared to a year prior, as did earnings per share which rose to 27.6 cents per share.

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Coles signals FY23 to be a year of investment and inflation

Inside Retail

The business unveiled its FY22 performance on Wednesday morning, and said sales and earnings remained flat on a year prior and net profit edged 4.3 Our strategic plans have adapted to meet the significantly higher e-commerce sales that we have now, [compared to] 2019,” Cain explained. per cent higher to $1.04

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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. 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 and abroad.