Significant product innovations in both retail
and hospitality launched to support growing business
challenges
MONTREAL, Jan. 23,
2025 /CNW/ - Lightspeed Commerce Inc. (NYSE: LSPD)
(TSX: LSPD) ("Lightspeed" or the "Company"), the
one-stop commerce platform empowering merchants to provide the best
omnichannel experiences, today highlighted some of the
groundbreaking new product innovations the Company released this
past quarter.
"Q3 brought about some significant product innovations designed
to help customers realize real value in their day-to-day business
operations," said Dax Dasilva,
Founder and Chief Executive Officer of Lightspeed. "From Selling on
Scanner, to our Kitchen Display System, we're bringing
transformative solutions to our merchants and restauranteurs,
helping them find new opportunities to surprise and delight their
customers."
Lightspeed's Q3 innovations brought a number of new products and
feature sets across the retail and hospitality industries,
including:
Retail
- Expanded Lightspeed Scanner Revolutionizes the Retail
Shopping Experience
Lightspeed has expanded its
Scanner app with selling capabilities, addressing the
frustration of long lines and interrupted shopping experiences. Now
available on the iPhone version of the app, the updated Scanner
enables complete purchases directly from the shop floor using
Mobile Selling. It's designed to create a more customized, seamless
experience for customers while empowering retailers to scale up
registers more efficiently during busy times.
- Pushing Out More Powerful Promotions for Retailers and
Wholesalers
Lightspeed gives both retailers and brands
more flexibility when it comes to running promotions. Now retailers
can create one promotion to run across multiple sales channels -
in-store and online. Brands have the ability to offer new advanced
promotions including free shipping, net term extensions and target
these based on a range of conditions such as product availability
or previous order history. Now both retailers and brands have more
tools for their promotional strategies.
- Growing a 1 Million+ Product Catalog to Support Retail
Success
Lightspeed's Supplier Network now includes over 1
million new products, offering retailers high-quality
data from leading brands across key verticals such as pet, home
& garden, and golf. This growth simplifies inventory management
and enables retailers to meet customer demand with tailored,
seamless shopping experience.
- Improved Workforce Management Capabilities
with Homebase
Lightspeed's timeclock is now integrated
with Homebase, enabling flagship retail customers to streamline
employee tracking and management. This integration helps reduce
missed shifts, early clock-ins, and accidental overtime—saving time
and simplifying operations.
- Enhanced Retail Inventory Control
Through an enhanced
collaboration between Cin7 Core and Lightspeed Retail, customers
can access a cloud-based, automated, and real-time solution for
managing a retailer's entire inventory lifecycle. The integration
helps retailers automate data synchronization, streamlining stock
levels, sales orders, purchases, and stock adjustments between both
systems.
- Streamlined Special Order Fulfillment
Lightspeed
extends its capability to manage complex sales workflows, enhancing
special order fulfillment for cashiers. This launch is tailored to
provide a seamless experience for customers purchasing multiple
items that require separate forms of fulfillment. Retailers can now
easily identify which items the customer takes immediately versus
those that need to be fulfilled later, simplifying operations and
maximizing sales opportunities.
- More Tools to Showcase Product Catalog
Online
Lightspeed extended its online tools to help
merchants showcase their products online to grow sales with more
options to display the catalog and draw attention to key offerings,
discounts, sale offers, and brands offered. Improve the customer
experience on the online storefronts with subcategory
navigation, ensuring consumers can quickly find the products
they want.
Hospitality
- Modernizing Kitchen Operations with the New Kitchen Display
System
Lightspeed's KDS seamlessly connects front-of-house
and back-of-house operations. Orders flow directly from the
POS or Tableside into the kitchen for smooth execution.
With support for diverse hardware and advanced coursing features,
KDS helps kitchens prioritize and complete orders
efficiently, even during peak hours.
- Simplify Management with Multi-Location
Reporting
Effortlessly oversee your entire restaurant group
with Lightspeed's multi-location reporting tools. Compare sales
metrics across all locations to gauge menu performance, monitor
trends, and analyze real-time data—empowering smarter decisions for
consistent growth.
- Faster Access to Funds with
Instant Payouts
Managing cash flow just got easier for
restaurants with Lightspeed Payments' Instant Payouts. Eligible
customers in select markets can now access funds within 30
minutes—even on weekends and holidays. Innovated to allow
businesses to cover expenses faster and keep operations running
smoothly, with instant deposits available directly through
Lightspeed Back Office.
- Actionable Insights on the go with Lightspeed
Pulse
Lightspeed Pulse delivers restaurants operators
with real-time access to essential metrics right from their mobile
devices. From tracking performance to monitoring team efficiency,
Pulse delivers actionable insights for quick, informed decisions.
Designed to keep operators connected to their business anytime,
anywhere, Lightspeed Pulse helps businesses stay ahead of
trends.
- Streamlined Payroll and Operations Management with
7shifts
With an expanded partnership with 7shifts,
Lightspeed Restaurant customers in North
America can simplify payroll processing, reduce labor costs,
and improve team scheduling efficiency—saving time while driving
operational excellence.
Golf
- Revolutionize Golf Course Operations with Lightspeed
Scheduling
Simple, integrated scheduling tools help
operators maximize bookings and revenue from an unlimited number of
services with ease. Ranging from golf lessons and simulator bay
bookings to pickleball court reservations, Lightspeed Scheduling
allows golf operators to serve the growing customer demand for
off-course golf activities at the club.
- Transforming Golf Operations with Landscapes Golf
Management Partnership
Landscapes Golf
Management extended a multi-year partnership with Lightspeed
earlier this year to deliver powerful tools that streamline
operations and elevate the guest experience across 60+ properties
in the Landscapes portfolio. From simplified tee time
management to integrated point-of-sale and actionable insights,
this collaboration helps operators improve workflows and drive
revenue growth across their portfolio.
Lightspeed powers the world's best restaurants and retailers
including: Taverne Atlantic (Montréal), Tony's Chocolonely
(Amsterdam), Alinea Group
(Chicago), L'Occitane
(New Zealand), and Kei (Paris). For more information, see
https://www.lightspeedhq.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 omnichannel
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 and
Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across
North America, Europe, and Asia
Pacific, the company serves retail, hospitality, and golf
businesses in over 100 countries.
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and X.
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 partnerships, 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 profiles
on SEDAR+ at www.sedarplus.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.