Five Retailers Join GlobalNetXchange as Early Adopter Members.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Feb. 28, 2001 As GlobalNetXchange (GNX GNX Global Net Exchange GNX Grand National Extra (Buick) GNX Gateway Network Exchange ), the leading global business-to-business online marketplace for the retail industry, completes its first year in operation, five additional retailers from the US and Europe have joined the exchange in the Early Adopter Program. The retailers include: Ace Hardware Corporation (US), Hornbach (Germany), Manor (Switzerland), Markant (Germany), and Spar (Austria), "We are very pleased to welcome these leading retailers to GNX. They expand the GNX community into new areas of the retail industry, and deepen our involvement in areas such as home improvement and grocery. At GNX we have focused our efforts on helping our members gain savings and efficiencies in their supply chain. The addition of these retailers to our membership is confirmation that companies recognize that they can create real value using GNX solutions," said Joe Laughlin, 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 GNX. The Early Adopter Program was designed to enable retailers and suppliers to join GlobalNetXchange without making an equity investment and to provide them with access to all the products and services available on the exchange. Early Adopter members can immediately utilize the GNX Marketplace auction tool and begin to achieve savings and efficiencies in their procurement process. Members in grocery retailing also have the opportunity to use the GNX perishables solution, Trading Produce. Additionally, Early Adopter members will be the first to use the CPFR CPFR Collaborative Planning, Forecasting and Replenishment CPFR Collaborative Planning, Forecasting, and Replenishment (merchandising) CPFR Continuous Planning Forecasting & Replenishment CPFR Calling Party Forced Release solution currently in its initial implementation. Since GNX introduced the Early Adopter Program, 11 retailers have joined the exchange as members. Total purchase volume of these Early Adopter members exceeds $60 billion. As GNX celebrates its first year in business, the Early Adopter program will close at the end of February. GNX will continue to invite retailers and suppliers to become equity partners or members of the exchange. About GlobalNetXchange LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control GlobalNetXchange is the leading operational global business-to-business retail online marketplace open to all retailers and suppliers. GNX utilizes the Internet to seamlessly connect trading partners across extended retail supply chains and to integrate supply with consumer demand. GNX equity partners include many of the world's largest retailers: Carrefour, SA, the largest retailer in Europe 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 the first international retailer in Asia; Karstadt Quelle, one of Europe's leading department store and mail-order groups; Kroger Co., the largest U.S. retail grocery chain; Metro AG Metro AG (ISIN: DE0007257503) is a diversified retail and wholesale/cash and carry group based in Germany. It has the largest market share in its home market, and is one of the most globalised retail and wholesale corporations. , based in Germany and one of the world's largest retailers; J. Sainsbury's Plc, one of the world's leading retailers and the United Kingdom's second largest food retailer; Coles Myer, the leading retailer in Australia; Pinault-Printemps-Redoute SA, the largest non-food retailer in Europe; and Sears, Roebuck and Co., a leading U.S. retailer. GNX is powered by Oracle Exchange, Oracle's online e-business marketplace. More information is available at www.gnx.com. About Ace Hardware Corporation Ace Hardware is one of the nation's leading retailer-owned hardware cooperatives, with over 5,100 stores in 68 countries throughout the world. Ace Hardware sells more than 60,000 brand name and Ace Brand products and operates 16 state-of-the-art distribution facilities strategically located throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Ace Hardware was established in 1924 and has headquarters in Oak Brook, Illinois Oak Brook is a suburb of Chicago in DuPage County, in Illinois. The population was 8,702 at the 2000 census. History Oak Brook was incorporated as a Village in 1958, due in large part to the efforts of Paul Butler, a prominent civic leader and landowner whose father had . About Hornbach-Baumarkt-AG Founded in 1877 and publicly traded since 1993, Hornbach is a family led retail trader operating through a chain of DIY DIY abbr. do-it-yourself DIY or d.i.y. Brit, Austral & NZ do-it-yourself DIY abbr DIY do it yourself a DIY shop/job. markets, garden centers and building supply stores. Hornbach holds a leading position in the large format sector of German DIY. The company had a total of 82 retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → at the end of fiscal 2000 in 5 European countries. The company has subsidiaries in Germany, Austria, the Netherlands, Luxembourg, in the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. and is entering in Switzerland this year. About Manor AG Manor is Switzerland's largest department store. Founded in 1902, Manor has 70 stores throughout Switzerland and employs over 11,000 people. Manor is a subsidiary of the Maus Freres Holding in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , and is headquartered in Basel, Switzerland. About Markant AG Markant AG is a service organization for several large retail groups in Germany. These groups consist of medium to large-sized hypermarkets and DIY stores. Markant also offers private labels exclusively to its members in both the food and non-food sectors. Markant has headquarters in Wiesbaden and Worms, Germany. About Spar Austria AG SPAR Austria was founded 1954, and is now one of Austria's largest food retailers, with a market share of about 30%. SPAR operates over 1500 stores in four divisions: SPAR market, SPAR supermarket, EUROSPAR market and INTERSPAR market. INTERSPAR markets also sell non-food/hardware products. SPAR Austria also owns and operates stores in northern Italy Northern Italy comprises of two areas belonging to NUTS level 1:
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion