LONDON AND MINNEAPOLIS (August 31, 2000) -- The WorldWide Retail
Exchange (WWRE), the world's leading retail e-marketplace, today
announced that Cora, a leading Belgian and French retailer; RadioShack
Corporation, a U.S.-based electronics retailer; and Schlecker,
a drug store chain based in Germany, are joining the Exchange.
"The WWRE continues to build momentum in the B2B retail marketplace,"
said Jerry Storch, head of marketing for the WWRE and president
of financial services and new businesses at Target Corporation.
Barry Knichel, a WWRE operating committee member and director
of supply chain research and development at Tesco, said, "As leaders
in their respective markets, Cora, Schlecker and RadioShack strengthen
the WWRE's reputation as the world's premier exchange for retailers
and suppliers. Our members are working closely with suppliers
to improve supply chain efficiencies."
The WWRE (www.worldwideretailexchange.org), which named Colin
Dyer its new chief executive officer earlier this week, is a Web-based
business-to-business exchange designed to facilitate and simplify
trading between retailers and more than 100,000 suppliers, partners
and distributors. Consisting of leading retailers from Africa,
Asia, Europe and the United States, the WWRE is open to all suppliers
and retailers who wish to use it. To date, the WWRE currently
includes members who have combined sales of U.S. $553 billion
or Euro 614 billion.
In addition to the new retailers, WWRE membership includes: Albertson's
(U.S., NYSE: ABS), Auchan (France), Best Buy (U.S., NYSE: BBY),
The Boots Company (U.K., LSE: BOOT.L), Casino (France, ParisBourse:
12558), CVS/pharmacy (U.S., NYSE: CVS), Dansk Supermarked (Denmark),
Dairy Farm International (Hong Kong, SES: DAIR.SI/Reuters, DAIRYNEW
SP/Bloomberg), Delhaize Group (Belgium, BSE: DEL), Dixons Group
plc (U.K., LSE: DXNS), Edeka (Germany), El Corte Ingles (Spain),
Gap Inc. (U.S., NYSE: GPS), J.C. Penney (U.S., NYSE: JCP), Jusco
(Japan, TSE: 8267), Kesko (Finland, HEX: KES), Kingfisher (U.K.,
LSE: KGF), Kmart Corporation (U.S., NYSE: KM), Longs Drugs (U.S.,
NYSE: LDG), Marks & Spencer (U.K., LSE: MKS), Publix Super Markets
(U.S.), Rite Aid Corporation (U.S., NYSE, PSE: RAD), Royal Ahold
(The Netherlands, NYSE: AHO), Safeway Inc. (U.S., NYSE: SWY),
Safeway plc (U.K., LSE: SFW.L), Seibu Department Stores Ltd. (Japan),
Supervalu Inc. (U.S., NYSE: SVU), Target Corporation (U.S., NYSE:
TGT), Tesco (U.K., LSE: TSC.OL), Walgreen Co. (U.S., NYSE: WAG),
Woolworths (Australia, ASX: WOW) and Wooltru Ltd. (South Africa,
JSE: WLO).
About The Newest Members
Cora (Belgium, France) is a leading retailer with more than 1,163
hypermarkets, supermarkets, garden centers, discount stores and
pet stores located in France, Belgium, Luxembourg, Hungary and
The Caribbean. The Cora Group's holdings include Cora Hypermarkets,
Match Supermarkets, Truffaut Garden Centers, Profi Discount Stores
and Animalis pet stores. With 43,300 employees, Cora has combined
sales of U.S. $8.1 billion or Euro 9 billion.
RadioShack Corporation (U.S., NYSE: RSH) is a leading consumer
electronics retailer in the United States, and offers both on-
and off-line shopping convenience. With more than 7,100 stores
and dealers, RadioShack sells more wireless telephones, telecommunications
products and electronic parts and accessories than any other retailer.
It is estimated that 94 percent of Americans live or work within
five minutes of a RadioShack store or dealer. RadioShack has combined
sales of U.S. $4.1 billion or Euro 4.5 billion.
Schlecker (Germany) is Germany's leading drug store chain, and
among Europe's premier merchandisers. The company owns more than
9,000 drug stores across Europe and Austria, with 1,000 new drug
stores opening each year. Schlecker employs 35,000 people in Europe
and in 1999 had European-wide sales of U.S. $4.1 billion or Euro
4.5 billion.
Media Contacts:
Helen Craft (Europe)
Shandwick International
44.207.950.2871
hcraft@shandwick.com
Teresa McFarland (U.S.)
Shandwick International
952.346.6198
tmcfarla@shandwick.com
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