LONDON AND MINNEAPOLIS (September 18, 2000) — The WorldWide Retail
Exchange (WWRE), the world’s leading retail e-marketplace, today
announced two new members will join the Exchange: John Lewis,
a U.K.-based retailer; and the Otto-Group, the world’s leading
mail-order group.
"The addition of these new members – both leaders in their
respective markets – reinforces the WWRE’s strong position as
the world’s premier exchange for retailers and suppliers,"
said Colin Dyer, newly appointed WWRE CEO. "The expanded
membership base of WWRE is a win-win for all involved, from our
retail members to suppliers to consumers."
About The Newest Members
John Lewis (U.K. – JLH) is one of the United Kingdom’s
premier retailers. The company operates 25 department stores,
130 Waitrose supermarkets and ancillary manufacturing activities.
The company also has interests in farming, textile printing, spinning
and weaving, fitted kitchen furniture and bedding, and mail-order
wines. The company had revenues of U.S. $6 billion in 1999, or
Euro 7 billion.
The Otto-Group (Germany) comprises 83 companies in 23
countries, and is active in all the major European markets as
well as in America and Asia. As the world's leading mail-order
group, Otto posted revenues of DM 40 billion, or U.S. $18 billion,
or Euro 21 billion, last year, and had more than 71,000 employees.
In the same period, Otto reported online sales of DM 450 million,
or U.S. $200 million, or Euro 230 million.
About The WWRE Members
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), Cora (Belgium, France, PSE: 06176), 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.), RadioShack
Corporation (U.S., NYSE:RSH), 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), Schlecker (Germany),
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 WWRE
The WWRE (www.worldwideretailexchange.org)
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. $577
billion or Euro 669 billion.
Media Contacts:
Lucy Blogg
Shandwick International
44.207.950.2856
lblogg@shandwick.com
Hilary Smedsrud
Shandwick International
952.346.6329
hsmedsru@shandwick.com
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