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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Helen Han

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?