Global eXchange Services Announces Strategic Partnership with 7thOnline; Companies Will Deliver New Order Management Solution for Retailers
CHICAGO--May 1, 20047, 2004--Global eXchange Services, a leading provider of B2B integration solutions, today announced a strategic marketing partnership with 7thOnline, Inc., to deliver an end-to-end supply chain execution solution for the branded apparel and footwear market. The partnership will focus on 7thOnline's flagship product, COLLABORATE(SM). 7thOnline Inc. is a leading provider of collaborative assortment planning and order placement solutions to the apparel, accessories and footwear communities.Based on a technology-driven partnership initiated three years ago, 7thOnline and Global eXchange Services will expand their relationship to collaborate on the delivery of an order management solution for retailers and their suppliers. The solution will incorporate 7thOnline's collaborative assortment planning for micro-merchandising capabilities with Global eXchange Services' data synchronization, order tracking and logistics visibility solutions.
"We are excited about expanding the relationship with 7thOnline through this marketing agreement," said Bobby Patrick, Global eXchange Services' senior vice president of marketing. "Timing and adaptability are critical commodities in the fast-paced fashion industry, by combining Global eXchange Services' expertise in data synchronization and supply chain execution solutions with 7thOnline's assortment planning and order placement solutions, we will provide retailers and their vendors with the knowledge and information they need to streamline the order management process and speed the right inventory to the selling floor."
Global eXchange Services' solutions for the extended retail supply chain includes Product Information Manager, Global Product Catalogue, Logistics Visibility, and Integration. This integrated solution enables retailers and their vendors to share valuable product information and supply chain execution intelligence among trading partners to automate the order creation process and manage in-transit inventory to improve in-store availability.
"To continue our growth momentum and maintain the recognition we have received from the industry, we must continue to deliver superior collaborative solutions that help retailers and vendors make intelligent decisions," said Louise Chazen, president of 7thOnline. "Global eXchange Services understands the complexities of multi-partner collaboration and our integrated solution will build upon our successful relationship that has evolved from technology implementation and broadened to client relationship development."
About COLLABORATE
COLLABORATE, 7thOnline's collaborative assortment planning for micro-merchandising, helps drive top line sales, reduce expenses and maximize business potential. 7thOnline COLLABORATE(SM) allows vendor account executives and their retail buyers to visualize merchandise assortments, develop supporting financial plans and convert the plans to executable orders. 7thOnline's platform enables them to work together on a single set of product data provided by Global eXchange Services' data synchronization solutions, increasing efficiency and improving business focus. 7thOnline's COLLABORATE solution will be marketed as an integral part of GXS suite of retail solutions.
7thOnline is currently facilitating collaboration with over 25 retailers including: Bon-Macy's, Burdines, Rich's-Macy's, Lazarus-Macy's, Goldsmith-Macy's, Macy's East, Macy's West, Foley's, Hecht's, Strawbridge's, Proffitt's, Younkers, Carson Pirie Scott, The Boston Store, McRae's, Herberger's, and Bergner's.
About 7thOnline
7thOnline Inc., headquartered in New York City, provides Web and application based demand chain solutions targeted to the buying and planning processes in the global retail industry. The Company's core applications, COLLABORATE and eSHOWROOM, include collaborative assortment planning, visual merchandising and order management technology. The COLLABORATE application currently serves over 770 department stores. Further information can be found at www.7thOnline.com.
About Global eXchange Services
Global eXchange Services, Inc. operates one of the largest B2B e-commerce networks in the world, managing 1 billion transactions annually for more than 100,000 trading partners. With over 35 years experience, Global eXchange Services provides supply chain services and software to 60 percent of the FORTUNE 500. Global eXchange Services is headquartered in Gaithersburg, MD in the U.S., with sales and development offices throughout Europe and Asia-Pacific. For more information visit our Web site at www.gxs.com.
All products and services mentioned are trademarks of their respective companies.
Caution Concerning Forward-Looking Statements
This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. These factors include technological developments, customer demand, trading partner participation and network availability.