GlobalNetXchange Announces Formation of Subsidiary to Serve Retail Industy in Japan; Japanese Retailers Daiei and MYCAL are Founding Members.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Dec. 13, 2000 GlobalNetXchange (GNX GNX Global Net Exchange GNX Grand National Extra (Buick) GNX Gateway Network Exchange ) the leading global business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. online marketplace for the retail industry, with Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and retailers MYCAL Corporation and The Daiei, Incorporated, announces the formation of GlobalNetXchange-Japan, a subsidiary to serve the unique needs of the retail industry in Japan. GlobalNetXchange provides solutions that leverage the power of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to drive inefficiencies out of the supply chain for retailers, wholesalers and suppliers globally. "We have been discussing the opportunity to bring our supply chain solutions to the Japanese retail industry for several months. Our research to understand the unique needs of the Japanese market indicated that a subsidiary with Japanese partners was the best approach. GlobalNetXchange-Japan, formed with two outstanding Japanese retail partners, MYCAL and Daiei, will enable us to adapt our solutions to the requirements of the Japanese retail industry," said Joe Laughlin Laughlin has several uses:
"Through GlobalNetXchange-Japan we will leverage the global retail industry's best practices and solutions, and adapt the technology of GNX to meet the unique needs of the Japanese retail industry. We are pleased to be a founding partner in this progressive endeavor," said Mr. Utsunomiya, C.E.O of MYCAL Corporation and Mr. Takagi, Advisor, The Daiei, Inc. GlobalNetXchange-Japan will be headquartered in Tokyo and managed locally. GNX(J) will be open to all retailers, wholesalers and suppliers serving the Japanese retail market. The company plans to add up to five additional Japanese equity partners. Daiei and MYCAL will assist GNX(J) in recruiting Japanese retailers, suppliers and wholesalers to join the exchange as partners or members. GNX plans to use the Oracle technology platform for GNX(J). About GlobalNetXchange GlobalNetXchange is the leading operational global business-to-business retail online marketplace open to all retailers and suppliers. Powered by Oracle Exchange, Oracle's online e-business marketplace, 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; 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 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 number one non-food retailer in Europe; and Sears, Roebuck and Co., a leading U.S. retailer. More information is available at www.gnx.com. About The Daiei, Incorporated Daiei is one of Japan's largest retailers, with about 85 subsidiaries. Daiei is best known for its majority stake in more than 7,200 Lawson convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , which ranks Daiei as the No. 2 convenience retailer in Japan. The Japanese retail giant also owns supermarkets, discount stores, department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , and specialty shops. Other operations include restaurants, hotels, and real estate businesses. Daiei is headquartered in Kobe, Japan. About MYCAL Corporation MYCAL, headquartered in Osaka, Japan consists of more than 120 subsidiaries. The MYCAL operations include 300 MYCAL stores and Pororoca supermarkets, other specialty retailers, real estate, and financial and management services. Its Saty department stores feature apparel, food, and household items, and its Vivre chain offers high fashion and household goods. The company's MYCAL Town complexes combine the Saty and Vivre concepts plus banks, post offices, and other services. |
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