Alexandria, VA (May
27, 2003)– Izumiya, a leading Japanese retailer
of food, clothing, consumer electronics, furniture and housewares, announced
today it has joined the WorldWide Retail Exchange (WWRE), the premier Internet-based
business-to-business exchange in the international retail marketplace.
“
We are thrilled to add an important member of the international retailing community
like Izumiya to our membership,” noted Colin Dyer, CEO of the WWRE. “Izumiya’s
innovative and efficient approach to business and its knowledge of the Asian
marketplace will help shape the WWRE’s international strategy as we continue
our rapid worldwide expansion.”
Headquartered in Osaka, Izumiya employs
over 2,500 employees at 81 retail outlets. Izumiya chose the WWRE to streamline
the management and administration of its
trade and sourcing operations.
“
Joining the WWRE places us in a unique position to collaborate with the
world’s
leading retailers and manufacturers, and gives us access to expertly selected
technologies and standards, broad international experience and well-tested
strategies,” said Norio Hayashi, President of Izumiya. “Membership
not only delivers us immediate savings opportunities and a proven pathway
to global trading partner collaboration, but also demonstrates to the Japanese
retail community the direction this industry is moving.”
Izumiya joined
the WWRE to immediately capitalize on savings that will be derived from
the WWRE’s sourcing offerings. It will realize the member’s
benefit not only from sourcing but also sequentially from the several supply
chain collaborations soon that WWRE offers.
About Izumiya
Izumiya is a leading Japanese retailer of food, clothing, consumer electronics,
furniture and housewares found in 1921 in Osaka. Led by President, Mr.
Norio Hayashi, It has 81 stores with 2,544 regular employees mainly deployed
in
west Japan. Total sales are US$2.8billion. It makes “high quality goods at
low prices” its motto and answers the local market needs everyday.
About the WWRE®
The WWRE® is the premier Internet-based business-to-business exchange
for retailers and suppliers. Designed to facilitate and simplify trading
between retailers, suppliers, partners and distributors, the WWRE® currently
consists of 62 members from Africa, Asia, Europe, North America and South
America with combined sales of approximately U.S. $900 billion. To date,
the WWRE® has saved its members over $900 million through the use of
online negotiations, its first product offering. For more information, visit
the website at www.wwre.org or www.worldwideretailexchange.org.
WorldWide Retail Exchange, LLC. All rights reserved.