More About Retex:
In the early 1990’s, a group of farsighted retailers got together. They had an exciting vision: cooperating together, they’d save on what they all needed, regardless of what retail merchandise they sold. Whether they were readers of WWD (Women's Wear Daily), Chain Store Age, Supermarket News, Paint and Decorating Retailer, Computerworld, Direct, Retail Systems Alert, Stores, Retail Today, www.RetailWire.com, or Nation’s Restaurant News, they all wanted to reduce overhead costs by acting as a group purchasing organization. The coop group, Retex, rebates its profits to its members.
Whether you have a mechanical cash register or a computerized POS or do all your business over the phone or the internet or by mail order, accept payments online or not, you can join Retex because you’re a retailer. Even if you’re primarily a publisher or manufacturer, as long as you do some business as a retailer, you can join Retex. To join this purchase group, you can be owned by a corporation, school, nonprofit, partnership, club, family or sole proprietor.
The members are free to buy what they want. No minimum buying is required. Membership is free.
Some of the services are offered free, at no risk. For example, the phone and utility and lease auditors do their work for free, and split any savings found with the retailer. Getting a telephone bill audit may not sound exciting, but phone bills add up. And so do telephone tax savings. Phone taxes may seem to be minor issue, but the amounts add up. And when an expert does it, it’s more likely that all the tricks and traps will be exposed. Do you have the time to follow all the best practices for cost savings and self-audits? How many experts do you have auditing for real estate tax depreciation savings? A telephone audit is free. Retex only gets paid a share of the savings that are found. Why not buy your phone service wholesale? When was the last time your shipping costs were audited? You can get that done free. Retex gets only a share of the refunds. Whether you use truck freight or parcel shipments (UPS, USPS, FedEx, and DHL) or ocean containers, Retex can help you with a no cost freight audit. Freight costs aren’t free. Why not reduce freight costs without hurting service? You’ve earned the discounts, refunds, excise tax recovery, F.E.T. refunds, rebates and employee tax credits. You can save taxes with engineering cost segregation. You can reduce your insurance premiums without even changing brokers. Who wouldn’t want an insurance premium reduction without reducing business insurance coverage? Why not collect this money?
Some of the services enable retailers to buy at greater discounts because they’re buying together. Wholesale telephone service is not only discounted, but the billing for multi-location retailers is intelligently consolidated, making analysis and cost control easier. You can enjoy greater network communication savings.
Toll-free phone service isn’t free to the retailer; it’s free to the customer. Using Retex, retailers can buy toll-free telephone service at very low rates. Like a farming cooperative, the Retex retailing cooperative pools everyone’s resources together to get the best deals on gift cards, shipping costs, payment solutions from credit card payment processors and others (check acceptance and guarantee, bad check collection, Visa, MasterCard, American Express, Discover, Gratis, employee payment cash card for staff with no bank account, prepaid cards, stored value cards, payroll cards, credit card terminals and supplies), retailing and office supplies, store supplies and maintenance, conference calls, utilities (electricity, natural gas, oil), lighting, etc. Energy savings are more and more important to everyone, just like local, long distance and international telephone savings. Communications costs are on everyone’s mind. Who doesn’t want discount office supplies? Talk to our national expert on credit card processing (online or in-store) or our national telecom experts. Think you have the best possible deal? It costs nothing to find out if that’s true. Retex can even reduce expenses on the rolls of receipt paper used by point of sale (POS) terminals.
For example, Retex can help you collect bad checks. They charge you nothing for this service, because their fee is collected from the customer who gave you the bad check, only if the check is first completely paid to you.
Sometimes Retex helps with retail technology issues, like setting up low-cost telephone networks or Virtual Private Networks (VPN). Sometimes Retex helps save money with items that are completely unglamorous, like utility cost savings, telephone excise taxes, f.e.t., insurance cost savings, freight cost savings, interchange fees, and private lines. Is your credit card payment gateway and approval system absorbing higher and higher fees?
Retex is an outsourcing tool, a buying group, of like-minded people who know that cost reduction is a great way to improve profits. Some people would call Retex a retail coop or a retailing coop or a procurement group or a procurement coop or a purchasing coop or purchasing group or buying coop. It’s a way to get the best possible price and service from a retailing supplier. Retail suppliers like dealing with Retex members because they get better volume. Many retailer coop groups do their merchandise buying together. Retex members buy everything but merchandise together. When retailers communicate together, cost savings occur naturally. No other retail group has the purchasing volume of Retex. You can get every type of retail supplies for less because you’re part of the highest volume retail buying group in the country.
Some savings come in surprising unexpected places. Retex can you money on local phone service (also called Plain Old Telephone Service or POTS.) And your bills can managed from 1 central consolidated tool instead of dozens or hundreds of bills arriving randomly.
Which is easier: reducing overhead or increasing sales? Overhead reduction can be much easier with Retex’s help. Cut expenses and be a hero.