CloseOutNow.com and Kintetsu World Express Form Strategic Partnership.JERICHO Jericho, city, West Bank Jericho (jĕr`ĭkō) [Heb.,=fragrant, or city of the moon god], Arab. Ariha, town (2003 est. pop. , N.Y.--(BUSINESS WIRE)--May 11, 2000 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 Fashion Merchandise Auction Joins Forces With Leading Global Logistics Organization CloseOutNow.com(TM), a cutting edge, one-stop, total solution B2B auction servicing the $100 billion market of excess fashion inventories, has formed a strategic partnership with the Kintetsu World Express Kintetsu World Express, Inc. (株式会社近鉄エクスプレス Group (KWE KWE Kintetsu World Express (Tokyo, Japan) KWE Kilowatt (Electrical) KWE Keratolytic Winter Erythema KWE Kids Wrestling Entertainment KWE Knowledge Expert ), a leading transportation and distribution company. KWE will serve as CloseOutNow.com's partner for terminal logistics and transportation, and will ship product bought and sold through CloseOutNow.com's web-based auction. "Kintetsu has a global reputation for service excellence and we are honored to have formed this strategic partnership with the company," said Steven R. 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. of CloseOutNow.com. "Our customers -- and their profits -- depend on quick reliable delivery of merchandise, and it will reassure them to know that their purchases are in the hands of the premier logistics organization in the world." Lubinski also announced that Peter Tala ta·la n. pl. tala See Table at currency. [Samoan, from Englishdollar.] Noun 1. , CloseOutNow.com's director of International Marketing, will visit Japan, China and other important destinations in East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. this month to further strengthen the newly formed strategic alliance. CloseOutNow.com facilitates a virtual marketplace where buyers and sellers of unsold branded and non-branded inventories of fashion merchandise are matched through auction. When a transaction is completed, the goods will be delivered to the nearest KWE site, then delivered by air or surface to the buyer. The partnership between Kintetsu World Express and CloseOutNow.com will speed the now lengthy process of moving excess inventories, allowing time-sensitive product to be quickly available and ready for competitive bid. The on-line auction and the logistical support of KWE will allow manufacturers, wholesalers and retailers to considerably improve profit margins on merchandise that has historically made only pennies on the dollar. 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 will also provide financing and logistical support, if necessary, to its customers. CloseOutNow.com staff and investors gathered with the media, fashion industry executives and other notables to celebrate the live launch of the site on Thursday, April 6 at M Studio in Manhattan's trendy West Village. The party was hosted by CloseOutNow.com spokesperson Wendie Malick Wendie Malick (born December 13, 1950) is an American actress and former fashion model. Biography Early life Malick was born in Buffalo, New York, to an Egyptian father. [1] She graduated from Williamsville South High School. , star of the NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. television sitcom "Just Shoot Me." About Kintetsu World Express USA Kintetsu World Express USA, headquartered in Jericho is the largest overseas subsidiary of Kintetsu World Express, Inc., the international transportation company. KWE USA, along with its Americas Group subsidiaries -- Kintetsu Canada, Kintetsu 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. , Kintetsu Intermodal, Kintetsu Blue Grass, Kintetsu Flexipak, GS-XXI, and World Wide Customs Brokers of Canada -- operates from more than 80 locations throughout the Americas. The Group offers total transportation, distribution and logistics services, including air and ocean forwarding, customs brokerage, warehousing, physical distribution, specialized packaging, and related services. Kintetsu World Express is a part of the Kintetsu Group of Japan. Founded in 1910 as the Kinki Nippon Railway Company, today it participates in almost all industrial sectors, employing some 88,000 people in Asia, Oceania, the Americas, Europe, Africa, and the Middle East. Its holdings include the Kintetsu Department Store Kintetsu Department Store Co., Ltd. (株式会社近鉄百貨店 Group, which operates a network of full-service department stores, supermarkets, convenience stores and specialty boutiques across Japan. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion