CloseOutNow.com Expands Global Markets; B2B Fashion Industry Auction Site Extends its Reach on Four Continents.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 19, 2000 CloseOutNow.com, a privately held B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business on-line auction site specializing in the global distribution of excess apparel, accessories, footwear and fine jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. has expanded its global reach in Europe, the Far East, and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , and is poised to expand into the Middle East. In recent months the company has established a major fashion presence in Italy, Spain, Japan, Taiwan, Korea, China, and Brazil, with plans to expand its global presence in the next few weeks into the Middle East. In Italy 25 manufacturers have signed agreements with CloseOutNow.com. In addition 73 manufacturers in Latin American countries List of American countries Nations:
"We are pleased with the overwhelming response from manufacturers overseas," said Peter Tala ta·la n. pl. tala See Table at currency. [Samoan, from Englishdollar.] Noun 1. , Vice President for International Alliances at CloseOutNow.com. "The company has been embraced, wherever we have visited, by an industry desperate to find answers to its excess inventory problem." The company has also announced the launch of an "agent" program by country to source significant product. This will permit accelerated expansion of the company's global reach without building major overhead costs overhead costs see fixed costs. . "CloseOutNow.com can truly be viewed as a global company," said Steven Lubinski, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We recognize that excess inventory is a major concern worldwide, and CloseOutNow.com is providing a total solution for manufacturers and wholesalers wherever they may be located around the globe." About CloseOutNow.com(TM) CloseOutNow.com is a privately held B2B on-line auction site for excess inventories of branded and non-branded fashion merchandise. Based in Manhattan's Fashion District, CloseOutNow.com offers a global solution for manufacturers, wholesalers and retailers, both in its scope of services and its geographic reach. The company is the brainchild of fashion field notables Steven R. Lubinski, Chairman and CEO, and R. Fulton Macdonald, Vice Chairman and Chief e-Commerce Officer, who together bring over 70 years of fashion and retail industry experience to the venture. In addition to facilitating a global marketplace, the full-service auction provides financing and logistical support, if necessary, to its customers. |
|
||||||||||||
Bahamas 
Printer friendly
Cite/link
Email
Feedback
Reader Opinion