Retailexchange.Com And Essentus Announce Strategic Alliance To Provide Excess Goods Exchange For Essentus' Fashionchain Community
Furniture World Magazine
RetailExchange.com, a leading online business-to-business exchange for excess consumer goods, and Essentus Inc., a leading provider of business-to-business software and services to the softgoods industry, announced an alliance that will offer excess retail goods exchange services for Essentus' fashionchain member community. The alliance will integrate RetailExchange.com's excess retail goods marketplace with fashionchain's collaborative and supply chain management applications offered to softgoods manufacturers, distributors, retailers and importers.
The alliance creates Fashionchain* Surplus Exchange, a co-branded site offering RetailExchange.com's excess consumer goods marketplace to fashionchain members. Fashionchain* Surplus Exchange will feature RetailExchange.com's signature, multi-attribute negotiation format and specialized brand and channel control tools, and enable fashionchain members to electronically post excess inventory and conduct trades. Fashionchain* Surplus Exchange adds an important component to fashionchain's comprehensive supply chain management applications, and builds on existing collaboration and visibility functionality designed for the softgoods industry.
"Fashionchain's ability to provide a management by exception perspective on the softgoods supply chain is extended by our relationship with RetailExchange.com," said Michael Wybo, SVP and managing director of fashionchain. "This alliance brings together two companies, Essentus and RetailExchange.com, with deep operational roots in the softgoods industry. Fashionchain exploits the Internet to bring this combined experience to a broad audience of softgoods manufacturers, distributors, and retailers."
"Our partnership with Essentus will provide a supply-chain enabled excess goods solution to key players in the softgoods industry, while helping to further expand the number of qualified buyers and sellers currently trading in the RetailExchange.com marketplace," said Kenneth S. Frieze, CEO and president of RetailExchange.com. "We realize the challenges that buyers and sellers face in managing their supply chains, and our alliance with Essentus will offer them an efficient means for both optimizing inventory and buying opportunistically. This partnership is a key element in building out cross-network liquidity for the excess consumer goods market." Fashionchain* Surplus Exchange will be accessible at http://www.fashionchain.com beginning in October.
RetailExchange.com is a leading online business-to-business global marketplace for excess consumer products. The exchange currently holds one of the world's largest online selections of off-price deals in such categories as apparel, home goods, footwear, food, health & beauty, toys, giftware, and more. The site allows both buyers and sellers to control the process of trade through a negotiated sales format that protects brands and sales channels. Buyers and sellers can privately communicate with each other, making it faster, easier and less costly to consummate a deal. RetailExchange.com is backed by Gordon Brothers Group, Internet Capital Group, Dorset Capital and Castile Ventures. For more information, visit RetailExchange.com's Web site at www.retailexchange.com or call 1-800-572-5114.
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