Lightspeed Commerce Inc. (NYSE | TSX: LSPD) launches NuORDER
Assortments, a groundbreaking solution that revolutionizes the way
brands plan assortments. The cutting-edge technology allows them to
visualize, merchandise and plan their assortments—all in one
collaborative online environment. NuORDER Assortments gives brands
the capability to optimize their assortment to plan for the right
mix of products in the right place at the right time. The ability
to develop a more localized assortment ensures customers can find
what they're looking for, helping reduce markdowns and increase
overall margins.
Traditionally, brands struggled to assort their own retail
stores due to manual processes and disconnected data systems. These
outdated practices result in continuous updates and errors, leading
to inefficiencies and wasted resources. NuORDER Assortments allows
brands to bid farewell to cumbersome procedures and embrace a
streamlined, collaborative online environment that empowers them to
visualize, merchandise, and plan assortments across multiple
storefronts more effectively.
"Our new assortment planning solution is a gamechanger for
brands," said Heath Wells, General Manager, B2B at Lightspeed.
"Enabling them to visualize what each store assortment will look
like, combined with the ability to slice and dice data by any
product attribute to make more informed decisions, is really
something that’s never been done before. NuORDER Assortments
empowers brands that own and operate multiple retail locations to
optimize their inventory allocation, identify merchandising gaps,
and make more informed decisions—all in one unified platform. This
technology has been successfully utilized by our esteemed retail
partners, including Nordstrom, Saks, and Macy’s, and we're excited
to bring its benefits directly to brands themselves."
NuORDER Assortments offers tangible benefits to brands that own
and operate their own retail locations, streamlining the pre-season
assortment planning process and leading to significant time
savings. Early adopters of the solution have reported a 55%
reduction in time spent on fixing errors, a 40% reduction in time
spent on sizing, and an impressive 60% reduction in time spent on
manual data entry. “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 improved collaboration between the
merchandising and planning teams, they are now able to analyze and
pull live data throughout the writing process. The tool has
replaced all manual processes and has become essential to our
buying process.”
Key features will enable brands to:
- Identify & Fill Merchandising Gaps: Conduct visual
style-outs with increased visibility. Roll-up and review plans by
store or any product attribute.
- Improve Internal Collaboration: Buying, planning, and
allocation teams can share and edit assortments in real-time.
- Streamline Product Allocation: Use pre-set size curves and bulk
distribution to more accurately allocate products across
stores.
- Boost Productivity: Spend less time on manual data entry.
Robust ERP and backend integrations feed up-to-date product data
into the platform.
"We are thrilled to introduce NuORDER Assortments to the
market," added Wells. "To date, the NuORDER by Lightspeed product
offering has focused on developing innovative technology to
streamline the wholesale buying and selling process. NuORDER
Assortments is our first solution that streamlines the
direct-to-consumer retailing process, expanding our product
offering to revolutionize the way brands merchandise their own
stores. Now, brands can transform their planning process, gain
valuable insights, and drive more efficient and profitable
assortments."
To learn more about how to empower your team with time saving
tools that enable them to visualize, collaborate, and build better
assortments, click here.
About NuORDER by Lightspeed
NuORDER by Lightspeed is a leading B2B platform powering
commerce and discovery for the world's best brands and retailers.
The platform includes virtual showroom technology, visual
assortment and merchandising tools, and integrated payments
solutions. Today, more than 3,000 brands and more than 100,000
retailers use NuORDER by Lightspeed to streamline the wholesale
buying and selling process. Lightspeed acquired NuORDER in
2021.
For more information, see www.nuorder.com.
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 (NYSE: LSPD) and Toronto Stock
Exchange (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 www.lightspeedhq.com.
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and Twitter.
Forward-Looking Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"), including
information regarding Lightspeed’s product offerings and planned
product roadmap. Forward-looking statements are statements that are
predictive in nature, depend upon or refer to future events or
conditions and are identified by words such as "will", "expects",
"anticipates", "intends", "plans", "believes", "estimates" or
similar expressions concerning matters that are not historical
facts. Such statements are based on current expectations of
Lightspeed's management and inherently involve numerous risks and
uncertainties, known and unknown, including economic factors. A
number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward-looking statements
contained in this news release, including, among other factors,
those risk factors identified in our most recent Management's
Discussion and Analysis of Financial Condition and Results of
Operations, under "Risk Factors" in our most recent Annual
Information Form, and in our other filings with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission, all of which are available under our profiles
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are
cautioned to consider these and other factors carefully when making
decisions with respect to Lightspeed's subordinate voting shares
and not to place undue reliance on forward-looking statements.
Forward-looking statements contained in this news release are not
guarantees of future performance and, while forward-looking
statements are based on certain assumptions that Lightspeed
considers reasonable, actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by Lightspeed. Except as may be expressly required
by applicable law, Lightspeed does not undertake any obligation to
update publicly or revise any such forward-looking statements,
whether as a result of new information, future events or
otherwise.
For further information: Media Contacts: Canada: Victoria Baker,
NKPR - victoriab@nkpr.net; USA: Jennifer Fugel, Newsmaker Group-
jfugel@newsmakergroup.com; Lightspeed Media Relations -
media@lightspeedhq.com; Investor Relations: Gus Papageorgiou,
Lightspeed Investor Relations -
investorrelations@lightspeedhq.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e61ae782-a0f1-4ab3-a875-f5d187f14671
Lightspeed Commerce (TSX:LSPD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Lightspeed Commerce (TSX:LSPD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024