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 for customers,” said Bridget Veals,
General Manager Womenswear, Footwear and Accessories for David
Jones. “Adopting the NuORDER Assortments technology as our new
digital buying process will ensure that our teams provide customers
with access to a well-planned premium shopping 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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9dee5081-2522-4c73-8cf4-d69c6b7520a4
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