Retek and RetailExchange.com Partner

Retek has partnered with RetailExchange.com, (featured in the 2000-7 report on retail exchanges from eRetailNews), to provide retail.com customers with access to off-price product listed on the RetailExchange.com website. The RetailExchange product will feature on retail.com as the retail.com Surplus Exchange, and will be integrated with other retail.com services.

Through the Retek partnership, RetailExchange.com will increase the number of qualified buyers and sellers using the RetailExchange.com marketplace, helping increase overall transaction flow. RetailExchange.com provides a wide spectrum of off-price consumer products, while protecting existing customer brands and sales channels.

"Buyers and sellers want to minimize the complexity, cost and time associated with managing their supply chain,'' said Kenneth S. Frieze, CEO and President of RetailExchange.com. "Our partnership with Retek adds trading partners to our current buyer and seller membership while connecting them to retail.com's supply-chain services.''

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Can Retail.com provide an effective exchange service to compete with services provided by exchanges sponsored by retailers and vendors? Is there a future for exchanges built by retail software developers beyond integrating services for their existing customers? What are the best exchanges? What do you use exchanges for?......click here!

08/14/00 Source: Retek, Inc.