Wrong product thumbnail size

I have set the Thumbanil size to 112px, but the page is rendering the original size instead

That is why the thumbanil is so pixelated

The thumbnails show just fine in Firefox:

What could be wrong? maybe the Media Image settings are in conflict with the Product Image settings?

Did you try to upload a new image and when uploading image checked what size it getting into image size in media?

You can also try custom thumbnail size:

add_image_size('products_image', 112, 112, true); 

and enque it into loop.