DALLAS, Sept. 28, 2015 (GLOBE NEWSWIRE) -- Speed Commerce, Inc. (NASDAQ:SPDC), a leading provider of ecommerce technology and omni-channel solutions for retailers, has signed an agreement to extend fulfillment services with The Yankee Candle Company through June 2021.
"Since beginning our partnership with Speed Commerce in 2007, we've been able to adapt to the significant growth in the ecommerce space while meeting our customers' expectations and needs," said Brad Wolansky, President, Consumer Direct and CMO at The Yankee Candle Company, Inc. "With the five-year contract extension, we're confident Speed Commerce will continue to successfully assist us with this critical piece of the customer experience."
The Yankee Candle Company is a leading designer, manufacturer, wholesaler and retailer of premium scented candles. The company is a wholly-owned subsidiary of Jarden Corporation and sells its products through its website www.yankeecandle.com and direct mail catalogs, as well as a North American wholesale customer network of approximately 35,000 store locations, and a growing base of more than 500 company-owned and operated retail stores.
Richard Willis, President and CEO of Speed Commerce, commented: "Through our partnership with Yankee Candle we have been able to provide them with our climate-controlled warehouse space and operational scalability. Continuing our relationship will allow them to focus on their consumers' needs by providing them with our fulfillment expertise."
About Speed Commerce
Speed Commerce, Inc. (NASDAQ:SPDC) is a single-source provider of ecommerce technology and services that help retailers and manufacturers acquire new customers by providing personalized, relevant experiences. Services include ecommerce platform development; hosting, managed ecommerce, and marketing services; order and inventory management; pick, pack, and ship; returns processing; and 24/7 customer care. For additional information, please visit the company's website at www.speedcommerce.com.
Safe Harbor
The statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbors provided therein. The forward-looking statements are subject to risks and uncertainties, and the actual results that the company achieves may differ materially from these forward-looking statements due to such risks and uncertainties, including, but not limited to: difficult economic conditions that adversely affect the company, or its customers and vendors; the company's revenues being derived from a small group of customers; pending or prospective litigation may subject the company to significant costs; the seasonal nature of the company's business; the company's ability to adapt to the changing demands of its customers or vendors; the potential for the company to incur significant costs and to experience operational and logistical difficulties in connection with its information technology systems and fulfillment infrastructure; the company's dependence on significant clients and vendors; the company's ability to meet significant working capital requirements; and the company's ability to compete effectively in the highly competitive retail distribution and e-commerce services industries. In addition to these, a detailed statement of risks and uncertainties is contained in the company's reports to the U.S. Securities and Exchange Commission (the "SEC"), including, in particular, the company's proxy materials, the company's Form 10-K filings, as well as its other SEC filings and public disclosures.