LOS ANGELES, Dec. 8, 2021 /PRNewswire/
-- Lightspeed (NYSE: LSPD) (TSX: LSPD) today announced
strong retailer enrollment and positive reactions following the
launch of its enhanced NuORDER by Lightspeed buying experience for
Grassroots Outdoor Alliance specialty independent retailers at last
months' Grassroots Connect buying show.
Developed with key feedback from retailers and brands, the new
buying experience enables Grassroots retailers to quickly add
products to their order, set their own ship dates, and easily view
and manage products across shipments. Additional retailer
enhancements include empowering buyers to easily identify gaps
across shipments, expedite product orders, and better manage cash
flow. The experience also gives retailers the ability to quickly
create orders by uploading Excel order forms using product UPCs, a
feature that saves ample amounts of time and resources.
"The incredible feedback we have received signals that outdoor
specialty stores want new solutions to conduct their businesses
more efficiently and effectively," said Olivia Skuza, Co-founder of NuORDER and General
Manager, NuORDER by Lightspeed. "The response following Connect
shows how digital tools are already helping to solve the immediate
needs of retailers, as well as the opportunity to further innovate
and accelerate the adoption of digital within this industry."
Traditionally, wholesale buying has been an inefficient, time
consuming process that required specialty retailers to keep track
of numerous logins to place seasonal orders. Through this new
platform, Grassroots retailers can now buy a store's worth of
apparel and gear on a single streamlined platform for the critical
fall/winter buying season.
"The one big thing that NuORDER by Lightspeed has going for it
as opposed to other platforms is the ability to review and compare
all of your brands together - it's a huge advantage," said
Grassroots member retailer Johannes
Griesshammer of Tahoe Mountain
Sports in Truckee,
California.
Through the end of Connect, Grassroots retailers were able to
use NuORDER by Lightspeed to shop the Fall 22' collections of 42
brands, and going forward, NuORDER by Lightspeed will be the single
buying platform endorsed by Grassroots.
"I've been doing this 23 years, and gone are the days of me
turning in orders on a napkin," said Grassroots member retailer
Kelly Osness of Treads n' Threads in
Gunnison, Colorado. "Thank you so
much for all of NuORDER by Lightspeed's hard work. It's truly
making our lives easier."
Brands are also benefiting from the new platform experience. In
addition to the latest virtual showroom features and advanced
marketing, selling and reporting features, brands now have access
to a robust set of ordering capabilities as part of Grassroots'
complimentary offering, including suggested draft orders and
roll-ups of pre-book, in-season and special delivery orders. The
two-sided network allows brands to receive order updates in a
consistent format across all Grassroots retailers and easily export
them into their ERP system.
"COVID-19 has forced the industry to move forward and no other
B2B compares to what NuORDER by Lightspeed has to offer for a
simple, easy to use solution," said Grassroots Connect attendee
Michael Novak, an independent sales
rep for Pendleton Woolen Mills.
ABOUT NuORDER by Lightspeed:
Lightspeed
acquired NuORDER in 2021 to grow the Lightspeed retail ecosystem,
connecting approximately 3,000 brands and more than 100,000
retailers. NuORDER by Lightspeed is a leading B2B platform powering
commerce and discovery for the world's best brands and retailers.
NuORDER by Lightspeed is a global commerce solution offering
Virtual Showroom technology, visual assortment and merchandising
tools, payments and data integration powering businesses of all
sizes. 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. Lightspeed's 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 and
www.nuorder.com. Follow us on social media: LinkedIn, Facebook,
Instagram, and Twitter.
ABOUT GRASSROOTS OUTDOOR ALLIANCE:
Grassroots
Outdoor Alliance is an active, independent network of 99
independent retailers, with 196 retail locations, working together
for the health and growth of specialty outdoor retail. Through data
collection and analysis, direct member support, specialty events
and deep vendor partnerships, Grassroots Outdoor Alliance is
creating both a vision and roadmap for the long-term success of
independent specialty retail. Grassroots Outdoor Alliance is also
recognized as a catalyst for the success of its retailers and
vendor partners; an advocate for specialty independent retail; a
promoter of education and community within the specialty channel;
and a key influencer of the national outdoor industry. For more
information on Grassroots Outdoor Alliance, please go to
www.grassrootsoutdoors.com.
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"). 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 profile 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.
CONTACT:
NuORDER by Lightspeed | PR Consulting
nuorder@prconsulting.net
Additional Quotes for Pitching Exclusives:
Cortney Wolter from SOKO
Outfitters shared, "I love the new updates! I wrote my first order
and really want it rolled out for all brands today."
Jade Ownes, sales rep for United
by Blue, said, "we absolutely love using NuORDER by Lightspeed! Our
main focus is creating comprehensive and impactful linesheets for
current season and future season products. This way our current
customers and new customers have one organized space to complete
all of their ordering. NuORDER by Lightspeed is such an intuitive
system that it makes ordering a breeze for our accounts."
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SOURCE NuORDER