In collaboration with more than 100 appliance brands, JD.com has expanded its “Trade-in Alliance for Household Appliances and Home Goods” services, which already have been implemented in 20 Chinese provinces and cities. The Alliance covers more than 200 product subcategories, including TVs, refrigerators, washing machines and air conditioners. Earlier this month, the Chinese government announced…
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. China’s second-largest ecommerce company after Alibaba is planning an “Innovative Retail” operation that will include the 7Fresh supermarkets, the group…
JCPenney is self-funding its latest turnaround plan, which includes a reinvestment in its core customer and a more focused value proposition. CEO Marc Rosen shared in a briefing that given the retailer’s “strong balance sheet,” it is taking cash flow generated by the business and reinvesting it in core initiatives that will help “make every…
Up to 70% of business-to-consumer marketers believe that content marketing has become more important to their business over the past year, and 77% have successfully used this content to build credibility and trust among their consumers, according to the Content Marketing Institute. The Home Depot is tapping into this value by creating a branded content…
Popular athleticwear brand Outdoor Voices, once predicted to be the next Lululemon, has abruptly decided to close its 16 stores and become an online-only retailer, multiple sources report. Outdoor Voices has not publicly commented on the news and did not immediately respond to Retail TouchPoints’ request for comment. The news was reported by a number…
As it marks its 28th year in business, Ebay finds itself in a vastly different world than the one where it started. Back in 1995, “online marketplaces” weren’t a thing, Amazon was still just a bookseller, Google didn’t even exist and the idea of buying most things secondhand was considered tacky rather than trendy. Taken…
7-Eleven will acquire 204 Stripes convenience stores and Laredo Taco Company restaurants across West Texas, New Mexico and Oklahoma from Sunoco LP. With this purchase, 7-Eleven Inc. will own and operate all Stripes and Laredo Taco Company locations across the U.S. No information on the purchase price was available. “Stripes and Laredo Taco Company have…
GoBolt’s Merchant Portal is a web-based app with a suite of features designed to enable retailers to manage their orders, inventory and shipments more effectively so they can stay on top of their fulfillment and delivery operations and make better informed decisions. The solution aims to give retailers the ability to monitor orders in real…
Daniel Zhang, currently Chairman and CEO of the entire Alibaba Group, will narrow his focus to the Alibaba Cloud Intelligence Group, which the company plans to spin off as its own independently listed company. Current Executive Vice Chairman Joseph Tsai will succeed Zhang as Chairman, and Eddie Yongming Wu, Chairman of Taobao and Tmall Group,…
