New Lightspeed Retail is packed with
exceptional new features and integrations to power commerce
everywhere for global retailers of all sizes
MONTRÉAL, May 5, 2022 /PRNewswire/
- Lightspeed Commerce Inc. (TSX: LSPD) (NYSE: LSPD), the
one-stop commerce platform for merchants around the world to
simplify, scale and create exceptional customer experiences, today
announced the launch of Lightspeed Retail, a groundbreaking new
retail commerce platform that unites advanced POS, payments, and
ecommerce into one cohesive and powerful solution. Leveraging the
power of headless commerce, powerful integrations, and a completely
reimagined interface, Lightspeed Retail is the ultimate commerce
platform to help business owners elevate their strategy while
managing the complex challenges of the evolving retail
landscape.
"The core of Lightspeed's vision for retailers is a seamless
commerce platform that tackles the key challenges modern merchants
face not only today but also five years from today," said
Lightspeed CEO JP Chauvet. "The new Lightspeed Retail is the
culmination of strategically combining Lightspeed's leading
technology and talented teams with those of our acquisitions,
creating the ultimate product for the modern retailer. Not only are
we bringing to market the best of ecommerce, payments, and POS so
busy merchants can do it all from one platform, but this launch
lays the groundwork for everything that is coming next, from
fully-integrated supplier solutions to even more powerful consumer
and buying data for our merchants."
Today with Lightspeed Retail, merchants around the world can
self-serve modern retail commerce tools, with a custom solution
that fits their unique business needs. The new Lightspeed Retail is
available on all platforms, web, iOS, and Android, meeting the
needs of more customers with more flexibility for hardware
configuration.
The new Lightspeed Retail is now available in North America, Australia, New
Zealand, Singapore,
Hong Kong, the UK, and
South Africa, unleashing the power
of headless commerce to meet consumers where they prefer to shop
with integrated cross-channel selling and complex multi-store
inventory management. This omnichannel solution comes to market at
the right moment: new data from a Lightspeed and Checkmarket
survey of over 7,200 global merchants and consumers shows that
omnichannel retailers are growing revenue faster than any other
sector.
"We've truly built a product for every retailer, whether they're
starting out, scaling, or expanding globally, with
tightly-integrated technology all in one tool," said Lightspeed
Retail GM Ana Wight. "The value
of this fully integrated solution will only expand as we continue
to bring industry-leading innovation to our customers, suppliers
and their consumers."
Whether starting out or looking to scale, retailers can achieve
ambitious goals with Lightspeed Retail's user-friendly suite of
connected solutions, backed by best-in-class support from in-house
industry experts.
Key Lightspeed Retail
Features:
- It's never been easier to run a business online or in
person. Transform any website (Wordpress, Squarespace, Wix,
etc.) into an ecommerce engine. The new Lightspeed Retail is
incredibly intuitive and easy to use. Brick-and-mortar stores can
move online in just a few hours with seamless self-serve
tools.
- Reach customers where they are, in-store and online.
Sell and advertise products where customers spend their time,
directly on key social platforms like Facebook, Instagram, and
TikTok where Lightspeed has core partnerships, as well as other
leading marketplaces like Google, Amazon, and eBay. Flexibility to
sell whatever you want, wherever you want with direct, time-saving
integration from a single viewpoint for orders and inventory.
- Unmatched sophisticated retail technology. Flexible,
simple, workflows allow retailers to customize their POS and back
office to their specific needs. Product serialization, as well as
external partner and supplier integrations provide cutting-edge
tools to merchants scaling their business. Retailers can track
performance at their fingertips with the new Lightspeed Retail app
and use any smart mobile device to manage inventory.
- Manage a retail business and back-office seamlessly with
integrated payments, inventory, and advanced reporting. One
login, one provider for ecommerce, POS, and payments. Easily
customize reports to fit a retailer's personal business needs.
Seamlessly manage inventory across online and physical stores to
ensure you have everything shoppers need.
- Scale with a single solution. Turn an ecommerce shop
into an empire or take a brick-and-mortar business online.
Lightspeed Retail has all the tools you need with a flexible and
modern comprehensive platform for online and in-person
operations.
State of Retail 2022: Omnichannel
is Do or Die
Lightspeed today also released the State of Retail 2022 report,
which shares data collected this year from over 7,200 global retail
owners, managers, operators, and customers to see how they're
responding and reacting to a shifting retail landscape.
- Omnichannel merchants are outpacing their peers.
-
- An average of 48% of global omnichannel merchants reported that
revenue was higher or significantly higher year-over-year, compared
to just brick and mortar retail merchants (37%) and just ecommerce
merchants (31%).
- 68% of retailers said technology adoption has had a positive
impact on their business over the last two years.
-
- In 2022, 66% of global merchants reported they will invest to
improve their inventory and supply processes to enable ecommerce
growth, and 64% will specifically invest in more technology for
ecommerce growth.
Read the full State of Retail 2022 report here. Visit
Lightspeed's website to learn more about Lightspeed
Retail.
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 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.
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SOURCE Lightspeed Commerce Inc.