LOS ANGELES and TORONTO,
Dec .7, 2021 /PRNewswire/ -- The Bay, which operates
thebay.com featuring Marketplace, one of the largest premium
life and style digital platforms in Canada, is partnering with NuORDER by
Lightspeed (NYSE: LSPD) (TSX: LSPD) to further accelerate its
digital-first transformation. Launching ahead of the pre-fall
footwear market, the NuORDER by Lightspeed platform directly
connects buyers and suppliers in real time to visualize
and develop assortments, localize and cater to different markets,
and complete orders that deliver the best product to consumers.
NuORDER by Lightspeed's technology will accelerate the
digitization of The Bay's buying and merchandising processes with
its visually-driven and intuitive platform to help buyers make
data-driven decisions, collaborate with vendors, and expedite the
go-to-market process. Through a fully-integrated system with The
Bay, NuORDER by Lightspeed automates the Purchase Order/Item
creation process to further expedite delivery and, ultimately, the
online offer, showcasing product to customers faster than ever
before.
"Delivering an assortment that reflects the brands, quality and
lifestyle that our customers trust us to deliver is essential to
The Bay experience," says Laura
Janney, Chief Merchant, The Bay. "We are driving a
customer-centric approach across our business, and the NuORDER by
Lightspeed platform now streamlines our internal process with
significant speed and efficiency, and allows us to elevate and
cater to market preferences through curated on-trend
assortments."
NuORDER by Lightspeed's innovative functionality creates the
ability to visualize assortment across brands and categories by
location, optimizing The Bay's localization strategy in delivering
the right assortment to the right customers, wherever they are
based.
"We are excited to partner with The Bay, an iconic Canadian
retailer that delivers an extraordinary shopping experience to
Canadian consumers," said Olivia
Skuza, Co-founder of NuORDER and General Manager, NuORDER by
Lightspeed. "The NuORDER by Lightspeed platform has innovated the
buying process to enable real-time collaboration, inventory
management efficiencies and effective collaboration, all which
drive meaningful business results."
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 THE BAY
Through a digital-first, purpose-driven
lens, The Bay helps Canadians live their best style of life. The
Bay operates thebay.com featuring Marketplace, one of the
largest premium life and style digital platforms in Canada, with a seamless connection to a
network of 85 Hudson's Bay stores. The Bay has established a
reputation for quality and style through an unrivalled assortment
of products and categories including fashion, home, beauty, food
concepts and more. Follow us on our social media channels:
Instagram, Facebook, Twitter, TikTok.
The Bay and Hudson's Bay operate under the HBC brand portfolio.
Founded in 1670, HBC is North
America's oldest company. The signature stripes are a
registered trademark of HBC.
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 | PR Consulting
nuorder@prconsulting.net
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SOURCE NuORDER