WorldWide Retail Exchange continues to expand
Business to business e-commerce continues to expand fast.
WorldWide Retail Exchange, one of the huge marketplaces on the
Internet, is now adding to its members. Five major retailers
join the exchange, Finnish Kesko, American Publix and Longs
Drugs, Japanese Seibu and Australian Woolworths.
The web trade grouping, on which leading retailers deal with
some 100,000 suppliers, already includes many leading commerce
enterprises. They are the American enterprises Albertson's, Best
Buy, CVS/pharmacy, Gap, J.C. Penney, Kmart, Rite Aid
Corporation, Safeway, Supervalu, Target and Walgreen, British
Dixons, Kingfisher, Marks & Spencer, Safeway and Tesco,
French Auchan and Casino, Belgian Delhaize Group, Danish
Dansk Supermarked, German Edeka, Spanish El Corte Ingles, Dutch
Ahold ,
Japanese Jusco
and the Hong Kong based Dairy Farm International.
The retailers
that participate in the WorldWide
Retail Exchange have combined annual sales of more than 500
Billion USD. When fully developed, electronic marketplaces such
as the WorldWide Retail Exchange or its competitor
GlobalNetXchange will undoubtedly cause major changes in the
sourcing and purchasing practices of retailers and wholesalers
world-wide. This can have grave implications on employment both
in commerce and production.
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