5 April 2000
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Commerce Home Page
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WorldWide Retail Exchange
brings the second electronic marketplace to world retailing
Just weeks after Carrefour and Sears announced their electronic marketplace, which now includes also Kroger, Sainsbury and Metro, eleven other commerce giants made it even bigger. The WorldWide Retail Exchange joins together Ahold (The Netherlands), Albertson's (US), Auchan (France), Casino (France), CVS (US), Kingfisher (UK), K-Mart (US), Marks & Spencer (UK), Safeway Inc. (US), Target (US) and Tesco (UK). Together the group operates over 30,000 stores and had 1999 combined sales of over Euro 300 billion (USD 300 billion). Cora, a leading French-Belgian retailer,
has taken the decision to join shortly. On 4 April, the largest
drugstore chain in the United States, Walgreens, became part of the
WorldWide Retail Exchange. This is believed to help the company
streamline purchases and cut costs.
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