MINNEAPOLIS, Aug. 1, 2013 (GLOBE NEWSWIRE) -- SpeedFC, a leading provider of end-to-end e-commerce services and a subsidiary of Navarre Corp. (Nasdaq:NAVR), has partnered with the Army & Air Force Exchange Service (Exchange) to build and maintain a fully integrated, end-to-end e-commerce solution that will replace the legacy system currently powering their website at shopmyexchange.com.
As an omni-channel operator, with more than 2,800 brick-and-mortar locations, the Exchange has grown to become one of the top 50 retail organizations in the U.S. Last year, authorized shoppers placed more than 700,000 orders at shopmyexchange.com, generating more than $220 million in revenue.
"One of our strategic priorities is improving online offerings and the user experience," said the Exchange Director and CEO Tom Shull. "Whether in-store or online, it is extremely important that we make the same Exchange benefit available to all soldiers, airmen, their families and retirees, regardless of where they are stationed or by what means they prefer to shop."
The full-service solution for the Exchange will feature Speed Order, SpeedFC's proprietary system for order management, and will include new guided navigation, faceted search and search administration, as well as advanced analytic functionally.
"The Exchange's selection of SpeedFC to upgrade and enhance their e-commerce platform reflects their commitment to better serving the brave members of our Armed forces, and we're proud to join them in this mission," noted Jeff Zisk, president of SpeedFC. "Our fully integrated solution will provide the best available efficiencies in order management, call center operations and warehouse fulfillment services. This will help the Exchange achieve their mission of providing the best goods and services at competitively low pricing, with the proceeds supplementing the funding for military morale, welfare and recreation programs."
The Exchange website currently offers branded and private label items across all merchandise categories, including apparel and accessories for women, men and children, as well as electronics, home appliances and military apparel—all at significant savings. Most orders have free shipping and are tax free. The Exchange plans to add a significant number of additional items prior to the upcoming holiday season.
About The Army & Air Force Exchange Service
The Army & Air Force Exchange Service is a joint non-appropriated fund instrumentality of the Department of Defense and is directed by a Board of Directors which is responsible to the Secretaries of the Army and the Air Force through the Service Chiefs of Staff. The Exchange has the dual mission of providing authorized patrons with quality merchandise and services at competitively low prices and generating non-appropriated fund earnings as a supplemental source of funding for military morale, welfare and recreation programs. To find out more about the Exchange history and mission or to view recent press releases, please visit www.shopmyexchange.com.
About Navarre Corporation
Founded in 1983, Navarre® provides a vertically integrated, multi-channel platform of e-commerce services and distribution solutions to retailers and manufacturers. The company uniquely offers retail distribution programs, web site development and hosting, customer care, e-commerce fulfillment, and third party logistics services. For additional information, please visit the company's websites at www.Navarre.com and www.SpeedFC.com.
CONTACT: Investor Relations Liolios Group, Inc. Cody Slach 949-574-3860 NAVR@Liolios.com