Compaq invests $10m in Goliath Falls Retail Exchange

Goliath Falls' agreement with Compaq includes a $5 million cash investment to help fund the company's operations, increasing the resources available to independent retailers nationwide. The agreement also includes a $5 million credit towards the purchase of Compaq's industry-leading Internet infrastructure and access equipment. The Compaq systems will enable Goliath Falls to provide independent retailers with the use of a new PC to access Goliath Falls' procurement site.

Goliath Falls has negotiated high-volume purchasing agreements with suppliers of popular consumer products, providing smaller merchants with access to products and cost efficiencies to compete with national chains. According to Goliath Falls, more than 1400 independent retailers have made purchase commitments of at least $25,000.

Launched on Independence Day, Goliath Falls gives member stores free access to resources for procurement, training and networking to boost merchandising effectiveness. 

Goliath Falls intends to close a sizable gap in this supply chain by aggregating independent retailers' purchasing demand to achieve economies of scale that have traditionally been available only to the largest chains, offering convenient online access to free resources like one-stop fulfillment, sales tracking, customer service, training, online news, e-mail, and key retail services.

07/28/00 SOURCE: Goliath Falls

See the eRetail Association report on retail exchanges in the 2000-7 eRetailNews report.