Navarre leaves its name behind after leaving Minnesota

  • Article by: Steve Alexander , Star Tribune
  • Updated: September 9, 2013 - 7:19 PM

Company becomes Speed Commerce, reflecting its new e-commerce distribution business.

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  • Comments

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nonewtaxesSep. 10, 13 6:36 AM

They moved to a less hostile business climate.

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tituspulloSep. 10, 13 8:03 AM

nonewtaxesSep. 10, 13 6:36 AM They moved to a less hostile business climate.___________Uhh, no. They moved because Willis is based there and it was always his intent to move the company.

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az2010Sep. 10, 13 9:18 AM

tituspullo - Yeah, I'm sure a high corporate tax rate and anti-business climate in Minnesota had nothing to do with it. Fail.

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genericname1Sep. 10, 1310:03 AM

tituspullo ->Uhh, no. They moved because Willis is based there and it was always his intent to move the company.<- I would love to hear you cite a source for this. According to USA today, which is hardly the bastion of conservatism, Minnesota ranted 7th with the highest tax burden: Taxes paid by residents as pct. of income: 10.8%. Total state and local taxes collected: $24.36 billion (17th highest). Pct. of total taxes paid by residents: 76.7% (11th highest). Pct. of total taxes paid by non-residents: 23.3% (11th lowest). Meanwhile Texas is tanked the 6th best. Taxes paid by residents as pct. of income: 7.9%. Total state and local taxes collected: $86.50 billion (3rd highest). Pct. of total taxes paid by residents: 63.8% (15th lowest). Pct. of total taxes paid by non-residents: 36.2% (15th highest).

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dvsdan123Sep. 10, 13 2:26 PM

At least 3M will not need to change its name. Mexico Mining and Manufacturing.

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tituspulloSep. 10, 13 3:32 PM

genericname1Sep. 10, 1310:03 AM tituspullo ->Uhh, no. They moved because Willis is based there and it was always his intent to move the company.<- I would love to hear you cite a source for this.___________Sure, I worked there. Navarre has been an after thought for years. Their distribution business dried up starting as early as 2005 when Musicland went under and Best Buy and Target chopped shelf space for CDs and software to a minimum. Their stock price has plummeted ever since. Willis spoke out that he had every intention of moving the office to his home base of Texas and leave what's left of the distribution hub here. I know that doesn't square with your usual, knee jerk "taxes are too high" BS, but facts are facts....enjoy.

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lordhawhaw1Sep. 10, 13 7:20 PM

Its not "B.S. taxes are too high here. Why the company moved doesn't change that one iota.

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