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Press release from Business Wire

Best Buy Selects ChannelAdvisor as Strategic Partner for Marketplace Expansion

<p class='bwalignc'> <i>Expanded partnership offers retailers unprecedented online exposure</i> </p>

Thursday, October 17, 2013

Best Buy Selects ChannelAdvisor as Strategic Partner for Marketplace Expansion

09:20 EDT Thursday, October 17, 2013

RESEARCH TRIANGLE PARK, N.C. (Business Wire) -- ChannelAdvisor (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to increase global sales, today announced that Best Buy has selected ChannelAdvisor as a strategic partner to expand Best Buy's Marketplace.

“We selected ChannelAdvisor as part of our efforts to improve the customer experience,” said Best Buy Vice President Ray Stacey. “ChannelAdvisor's platform will help us bring new vendors to the marketplace more quickly – which means a better shopping experience, including a larger selection and competitive prices, to consumers.”

“Our customers are always looking for new sources of demand, and our partnership with Best Buy further differentiates our platform and offers our customers access to more than one billion consumers on BestBuy.com,” said ChannelAdvisor President and COO David Spitz. “It's our job to help retailers grow their businesses, and teaming up with Best Buy provides ChannelAdvisor customers yet another way to grow sales through our growing network of consumer demand.”

Idaho Camera, Inc. is a consumer electronics retailer that sells a wide variety of camera products and accessories across multiple marketplaces through the ChannelAdvisor platform. ChannelAdvisor simplifies the expansion process, and after launching on the Best Buy marketplace, Idaho Camera is reaping the rewards of increased online exposure.

“ChannelAdvisor's enhanced, direct integration to the Best Buy marketplace means that my products are now reaching a new and loyal audience that I never would have access to otherwise,” said Pat Nagel, owner of Idaho Camera. “Marketplace expansion has been key to our continued online growth, and no other platform offers the breadth and depth of access to new consumers than ChannelAdvisor. I couldn't be happier about this opportunity.”

ChannelAdvisor offers retailers and manufacturers leading cloud-based solutions to efficiently automate and manage the online selling process across multiple channels including third-party marketplaces, paid search and comparison shopping engines. Through a single inventory feed, ChannelAdvisor customers can manage their overall online selling process, from listing to order management, from one platform. By eliminating the tedious tasks of optimizing online listings and analyzing performance, ChannelAdvisor allows sellers to increase sales and successfully scale their e-commerce businesses.

This extended integration and partnership with Best Buy was announced as part of ChannelAdvisor's Autumn Release, which is helping online retailers to access more geographies, devices and insights. For more information on the Autumn Release, download the 2013 Autumn Release eBook: http://bit.ly/2013-Autumn-Release-Content-Bundle.

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About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor's platform every year, and thousands of customers use ChannelAdvisor's solutions to help grow their businesses. For more information, visit www.channeladvisor.com.

ChannelAdvisor
Sarah O?Dea, 919-228-4784
sarah.odea@channeladvisor.com

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