Online Shopping Growing Faster In Minnesota Than Neighboring States

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By Sarah Halzack, Washington Post

“There’s no doubt that online shopping is a wave that is roiling the retail industry — and our culture, for that matter. But it’s a wave that’s not sweeping up all shoppers in quite the same way.

According to new data, the rise of online shopping across the United States is rather uneven, with more affluent states marching more quickly toward a lifestyle in which buying happens on a screen instead of at the mall.”

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MN E-Comm Captains: Brenda Boehler, Bellacor

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Brenda BoehlerThanks to Irish Titan for underwriting our new MN E-Comm Captains series focused on leaders in the online retail sector!

Brenda Boehler has been in retail for over 25 years and the CEO of Bellacor since 2014.

Located in Minneapolis’ North Loop, Bellacor is an Internet Retailer Top 500 lighting and home furnishings multi-channel e-commerce company with revenues of $40 million and a team of 70.

She will be speaking to her success in person at the next Twin Cities E-Commerce Meetup on 3/29.

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Chuck & Don’s buys Online Retailer Fetch

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2dc68101074da2fa54a9d1896d379da0By Tom Meersman, Star Tribune

“A local chain that sells pet food and other supplies is getting into the e-commerce business. Chuck & Don’s announced that it has acquired Fetch, a Minneapolis company that’s been offering online sales and home delivery of pet food and supplies in the Twin Cities metro area since 2006.”

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Best Buy’s E-commerce President and CMO Are Leaving

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Best BuyBy Kavita Kumar, Star Tribune

“Two top Best Buy executives are leaving the company as CEO Hubert Joly reshuffles his leadership team’s responsibilities. The two departing leaders are Mary Lou Kelley, Best Buy’s president of e-commerce, and Greg Revelle, the Richfield-based retailer’s chief marketing officer, said sources familiar with the matter. Both executives were hired by Joly in 2014.”

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Digi-Key Electronics Is Planning a 1 Million Square Foot Expansion

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Via News Release

logo_dk“THIEF RIVER FALLS, Minn., March 6, 2017 — Digi-Key Electronics, the Thief River Falls-headquartered global distributor of electronic components, announces that it is reviewing several potential options for a one million square foot fulfillment, value-added manufacturing and warehouse center with an investment value of between $200-$300 million. While multiple options are under review, Thief River Falls would be its preferred location, contingent on both local approvals and legislative changes required.”

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Best Buy Grew Web Sales Faster Than Amazon And Wal-Mart Last Year

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By Allison Enright, Internet Retailer

Best Buy Co. Inc.’s online sales grew at a faster clip than the U.S. e-retail industry average in 2016, and they outperformed online leaders Amazon.com Inc. and Wal-Mart Stores Inc.

Best Buy’s web sales grew 20.8% for the fiscal year ended Jan. 28 and totaled $4.85 billion. The average growth in U.S. e-retail was 15.6%, per estimates released by the U.S. Commerce Department last month, while Amazon’s product sales clocked 19.4% growth and Wal-Mart’s e-commerce sales grew 15.5% globally.”

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MN E-Comm Captains: Chris Carey, Modern Automotive Performance

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chriscareyThanks to Irish Titan for underwriting our new MN E-Comm Captains series focused on leaders in the online retail sector.

Chris Carey is the CEO of Modern Automotive Performance founded in 2006 and located in Cottage Grove, Minnesota.

In 2011, at age 22, Carey had grown his online retailer to the Inc. 500 list of the fastest growing privately held companies in America at #403.  Last year, Modern Automotive Performance exceeded $15M revenue, a 35% increase YoY.

He’ll be speaking to his success in person at the next Twin Cities E-commerce meetup 2/28.

What exactly do you sell online?

Automotive performance parts, primarily for two specific niche vehicles – though we also sell parts for other vehicles. Our focus thus far has been on sport compact turbocharged vehicles.

Irish Titan

When and how did you get started in this niche?

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SPS Commerce Downshifts From Growth Mode

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By Alex Van Abbema, Star Tribune

“Shares in SPS Commerce Inc. fell 19 percent Wednesday morning after the Minneapolis software company signaled a slowing of its speedy growth.

In its fourth-quarter results statement issued after the market closed Tuesday, SPS forecast sales growth of 14 percent to 15 percent in 2017, down from the 22 percent growth it experienced in 2016.”

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