David Jones Digitizes Its Buying Process Utilizing NuORDER by Lightspeed
November 14 2023 - 8:17AM
Lightspeed Commerce Inc. (NYSE | TSX: LSPD) has been selected by
David Jones, Australia’s leading premium department store curating
the most exclusive global and local brands, as part of its Vision
2025+ strategy to digitize its merchandising and buying process.
Launching in January with the women’s international and designer
ready-to-wear categories, David Jones will utilize NuORDER
Assortments to digitally preview collections, curate assortments
and complete orders in collaboration with their brands. This
partnership will accelerate David Jones’ digital transformation
efforts and replace manual, time consuming processes like data
collection, sizing and order writing. Buyers will have more time to
focus on creating a premium world-class shopping experience. David
Jones will no longer need to rely on manual spreadsheets, instead
the buying team will be able to utilize pre-populated data,
automated roll-ups, and real-time collaboration tools to deliver a
more sophisticated omnichannel assortment. NuORDER by Lightspeed’s
innovative technology will give David Jones the ability to easily
view and analyze their assortments across brands, categories, and
attributes. Buyers will now be able to take a more customer-centric
approach to the range planning process to ensure they are
delivering a premium product offering both online and in-store.
Using the platform’s robust tagging and rollup capabilities, David
Jones buyers will be able to collaborate with leadership and teams
across the organization to review investments in key initiatives,
such as exclusives, enhancing their ability to create distinct
assortments for their customers. “David Jones is committed to
delivering an unparalleled omnichannel shopping experience
forcustomers,” said Bridget Veals, General Manager Womenswear,
Footwear and Accessories forDavid Jones. “Adopting the NuORDER
Assortments technology as our new digital buyingprocess will ensure
that our teams provide customers with access to a well-planned
premiumshopping experience online and in stores while also
enhancing our collaboration with brands.”“We are thrilled to
partner with David Jones, a leading Australian retailer known for
their premium customer experience, to digitally transform their
merchandising process,” said Danielle Fairfield, Head of Retail for
NuORDER by Lightspeed. “NuORDER will provide David Jones with the
tools they need to advance their Vision 2025 strategy with a
digital-first approach.”NuORDER by Lightspeed powers the world’s
best brands and retailers, including: Saks, Macy’s, Nordstrom,
Brunello Cucinelli, Rag & Bone, Kendra Scott, Barbour, Tecnica,
Arc'teryx and Shiseido.About NuORDER by LightspeedNuORDER 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 StatementsThis 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 profiles
on SEDAR at www.sedarplus.ca 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
- David Jones Digitizes Its Buying Process Utilizing NuORDER by
Lightspeed
Sara Basdeo
Lightspeed Commerce Inc.
6475376271
sara.basdeo@lightspeedhq.com
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