Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Best Buy Canada has signed on with SPS Commerce to use a hosted supply chain integration program that it hopes will improve information flow with its suppliers.
In an effort that will help smooth out its ongoing growth, Best Buy Canada Ltd. has signed on with SPS Commerce Inc., St. Paul, MN, to use a hosted supply chain integration program that it hopes will improve information flow with its suppliers.
"Improving internal processes is an ongoing challenge for any leading retailer," said Ron Cuthbertson, executive vice president of merchandising and supply chain for Best Buy Canada (formerly Future Shop Ltd.), Eden Prairie, MN. "The supply chain is an obvious area that can benefit from a streamlined, hosted service such as SPS Commerce, and we look forward to the financial and time benefits this relationship will deliver."
Best Buy Canada operates stores in every Canadian province, including 98 Future Shop locations. This fall, it will open the first eight Best Buy stores in Toronto. The consumer electronics retailer said larger suppliers will use a hosted testing service from SPS to certify their existing data exchange systems, while smaller vendors will use a hosted transaction service instead of traditional methods of paper, phone and fax.