23:32:09 EDT Sat 04 May 2024
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Lightspeed Commerce Inc
Symbol LSPD
Shares Issued 152,585,256
Close 2023-11-13 C$ 21.33
Market Cap C$ 3,254,643,510
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Lightspeed's Nuorder tech chosen by David Jones

2023-11-14 11:51 ET - News Release

Ms. Danielle Fairfield reports

DAVID JONES DIGITIZES ITS BUYING PROCESS UTILIZING NUORDER BY LIGHTSPEED

Lightspeed Commerce Inc. 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's 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 use prepopulated data, automated rollups, 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 on-line 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 on-line 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 Lightspeed

Nuorder by Lightspeed is a leading business to business 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.

About Lightspeed Commerce Inc.

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. Its cloud commerce solution transforms and unifies on-line and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Founded in Montreal, Canada, in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange. With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

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