MONTREAL — Lightspeed Commerce Inc. (NYSE | TSX: LSPD) is announcing a roster of new product features recently released to merchants.
From AI-powered menu creation to self-serve assortment planning and continued expansion of Lightspeed Payments, each new feature has been custom-built with one goal
in mind: eliminate mundane tasks that bog down retailers and restaurateurs,
making it easier and more efficient to run their businesses.
“Merchants start businesses out of passion, not because they love spending hours on inventory, reconciliation, or schedules,” said
Ryan Tabone, Chief Product and Technology Officer of Lightspeed. “Our job as their technology partner is to empower them with the tools that simplify how they operate, so they can focus on their customers and scale their business. This latest round of
new product features is the start of a string of functionality that gives them that ability, as well as an edge in their respective markets.”
Lightspeed Retail simplifies purchasing and planning for sophisticated retailers and brands.
Speed up vertical and target assortment planning
Brands that operate their own retail stores can reduce manual work (and the frequency of data-entry errors) by using NuORDER Assortments to optimize inventory allocation,
identify merchandising gaps, and make more informed range planning decisions.
“Implementing NuORDER Assortments meant more accurate roll ups and a clear process to write smarter buys,” said Stephanie Gin, Director of Buying,
Brunello Cucinelli.
“We now get an immediate visual of the assortment thus making it much easier to analyze and review. The tool has replaced all manual processes and has become essential to our buying process.”
For multi-brand retailers, NuORDER Assortments now allows both merchants and brands to efficiently load and manage financial or allocation targets, which enables
them to compare their assortment against planned spend and making it easier to see where they are over and under invested. As they write their units, buyers can review how their totals measure against their targets for different departments, categories or
other product groupings.
Additionally, onboarding new brands to NuORDER Assortments is completely self-service, allowing for automated mapping of their product schema into an assortment
schema and enabling the brand to configure their setup.
Millions of products, thousands of brands, now available across all major Lightspeed Retail verticals
With Lightspeed Retail’s B2B Catalog expanding across all major verticals such as Fashion & Apparel, Sporting & Outdoor goods, Bikes, Toys & Crafts, Home & Lifestyle,
retailers can now add product info from millions of products from thousands of popular brands straight to their product catalog. This is significantly quicker than adding products manually, and merchants can ensure that all product info, images, descriptions,
UPC and more are correct and verified from the supplier, making it quicker than ever to start selling new products.
Create, schedule, track, and sell service offerings directly inside Lightspeed Retail
After a successful beta launch, our Services Module is now available on Lightspeed Retail everywhere. Better yet, it now lets merchants include backordered items.
This module is best served by retailers with service components like bikes, sporting goods, jewelry.
Lightspeed Payments continues to expand availability globally
Lightspeed remains dedicated to simplifying complex processes for their merchants on all fronts, including Lightspeed Payments. Unified into both flagship products—Lightspeed
Retail and Restaurant—Lightspeed Payments continues its global expansion:
Lightspeed Payments is now available for eligible merchants via Lightspeed eCom
in Canada, Australia, the United Kingdom, and Belgium.
Lightspeed Payments is now available on Lightspeed Restaurant in
Belgium and the Netherlands.
With these launches, Lightspeed Payments is now available in Australia, Canada, Belgium, Switzerland, Germany, France, Netherlands, United States and United Kingdom,
making international transactions more accessible and convenient for businesses of all sizes. Learn more about Lightspeed Payments on the Company’s
Lightspeed Retail
or Lightspeed Restaurant
websites.
Lightspeed powers businesses including Playbill (USA), W Cosmetics (Australia), Les Jumelles (Antwerp), Imagine Exhibitions, Melissa Joy Manning
(New York), Neal’s Yard Remedies (London), Joel Robuchon Group (Global), Alinea (Chicago), Zilte (Antwerp), Le Chalet de la Forêt (Brussels), Gustoso Group (Germany), Kei (Paris), and Da Terra (London).
About Lightspeed
Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale and provide
exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.
Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE | TSX: LSPD). With teams across North
America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.
For more information, see
lightspeedhq.com.
