Woolworths takes seat at global retail hub's table

The supermarket giant says its membership will modestly drive down operating costs. With annual turnover of $A20 billion, Bill Wavish, finance director of Woolworths, said cost savings were more likely to be on "garbage bags" than overall operating expenditure.

He added that while Woolworths was concerned with dollar volume, it only had "internal forecasts" on estimated savings and "was not prepared to share this with the public."

Stage one of the exchange will be launched next month. Members will run their systems on disparate IT platforms, but the exchange will be "fully operational" in a few years time, according to Wavish.

Co-members of the WWRE include vertical players such as Albertson's (US), Auchan (France), Best Buy (US), Casino (France), Delhaize (Belgium), CVS (US), GAP (US), J.C. Penney (US), Jusco (Japan), Kmart (US), Kingfisher (UK), Marks & Spencer (UK), Royal Ahold (Netherlands), Safeway (US), Target (US), Tesco (UK) and Walgreens (US).

CEO of Woolworths Richard Corbett said the company's stake in the e-commerce hub would lend it a "New Economy" identity. "The calibre of our partners is indisputable. We look forward to taking our place with our partners on a global platform. Woolworths is looking for opportunities to gain advantage to pass on to both our customers and our shareholders," he said.

Wavish said Woolworth's membership allowed it to rub shoulders with major competitors and "carefully" share business strategy information with players from North America and Europe.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Helen Han

PC World
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?