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Lightspeed Launches Innovative New Flagship Omnichannel Retail Platform
This omnichannel solution puts at retailers' fingertips the tools they need to meet consumer expectations in 2022: new data from a Lightspeed and Checkmarket survey of over 7,200 global merchants and consumers shows that
In the UK, 58% of omnichannel merchants report revenue was higher or significantly higher year-over-year, compared to just brick-and-mortar retail merchants (38%) and just eCommerce merchants (20%).
"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 "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 also now 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 the UK, North America , Australia , New Zealand , Singapore , Hong Kong , 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.
One in five (21%) of UK merchants said the biggest challenge to modernising and growing their retail business was the need for more support for digitisation and ecommerce technology. 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.
Read the full State of Retail 2022 report here. Visit Lightspeed's website to learn more about Lightspeed Retail.
Powering the businesses that are the backbone of the global economy like Vera Wang and Stüssy, 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
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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.
Lightspeed Media Relations: Lightspeed@wcommunications.co.uk
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