Karstadt Quelle AG Joins GlobalNetXchange

GlobalNetXchange announced today that German retailer Karstadt Quelle AG has joined GNX as an equity partner. Karstadt Quelle, headquartered in Essen, Germany, is Europe`s largest non-food retailer.

GlobalNetXchange is an online business-to-business supply chain marketplace for the retail industry. With the addition of Karstadt Quelle, GNX now has eight equity partners representing more than $260 billion in committed purchase volume. GNX also has eight non-equity members with a potential purchase volume of approximately $55 billion.