Eleven of the world’s leading retailers announced last week they will launch the WorldWide Retail Exchange this summer. The initiative aims to simplify trading between retailers and 100,000 suppliers, distributors and partners worldwide. Participants include U.S. chains such as Albertson’s, CVS, Target, K mart and Safeway, and British retailers Kingfisher, Marks & Spencer and Tesco. France’s Casino and Auchan chains and the Netherlands’ Royal Ahold are among others participating.
