Welcome to our dedicated page for Lightspeed Commerce news (Ticker: LSPD), a resource for investors and traders seeking the latest updates and insights on Lightspeed Commerce stock.
Lightspeed Commerce Inc. reports developments tied to its unified omnichannel commerce platform for retail, golf and hospitality businesses. The company provides point-of-sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services and wholesale network capabilities for merchants in more than 100 countries.
Recurring Lightspeed news includes financial results and outlook updates, product releases for Lightspeed Retail and hospitality customers, AI and OCR automation, payments features, wholesale integrations such as Faire, and NuORDER by Lightspeed partnerships. Company updates also cover executive appointments and portfolio actions, including changes to non-core hospitality product lines as Lightspeed focuses on retail in North America and hospitality in Europe.
Lightspeed Commerce (NYSE: LSPD) has been ranked fifth in Deloitte's 2024 Technology Fast 50™ program's Enterprise-Industry Leaders category, achieving a remarkable 502% growth over the past four years. The recognition is given to companies that recorded minimum revenues of $10 million in 2020 and $50 million in 2023. Founded in Montreal in 2005, Lightspeed provides cloud-based commerce solutions for retail, hospitality, and golf businesses across 100+ countries, unifying online and physical operations, multichannel sales, and global payments.
DreamHost, a web hosting and Managed WordPress services provider, has partnered with Ecwid by Lightspeed to offer e-commerce solutions to its customers. The partnership provides DreamHost users with access to Ecwid's freemium and premium service tiers, featuring seamless WordPress integration and transparent pricing. Key features include rapid store launch capabilities, multi-channel sales integration, enhanced productivity tools, and built-in real-time reporting with 15+ actionable insights. The platform offers both free and premium tiers, with advanced features available through paid upgrades.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has unveiled key product innovations for Q2, focusing on enhancing business effectiveness and operational efficiency for merchants in retail and hospitality. The updates include:
Retail: Retail Insights for better inventory management, Offline Mode for uninterrupted sales, Multi-Location Ordering for stock distribution, and Instant Payouts extended to UK merchants.
Hospitality: AI-driven Benchmarks & Trends, improved Sales Summary visualization, Happy Hour pricing on Order Anywhere, bulk menu management actions, and partial refunds from POS.
eCommerce: Custom sections for Instant Site, allowing merchants and developers to create unique online experiences.
These innovations aim to streamline business management, predict sales opportunities, and provide industry benchmarks for Lightspeed's global customer base.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has announced its upcoming fiscal second quarter 2025 financial results conference call. The company, which provides a unified POS and payments platform for entrepreneurs, will report its results before the market opens on Thursday, November 7, 2024. Management will host a conference call and webcast to discuss the financial results at 8:00 am ET on the same day.
Interested parties can register for the call in advance through a provided link. A replay of the call will be available until November 14, 2024. Additionally, a webcast of the conference call can be accessed through the company's investor relations website.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has expanded its partnership with 7shifts to address labor management and operational challenges in the North American restaurant industry. The enhanced integration allows Lightspeed Restaurant users to import sales, labor, and employee data directly into 7shifts, improving forecasting capabilities and automating employee data syncing.
The partnership now offers payroll features for U.S. customers, including Payroll Administration, Tip Integration, and Benefit Management. This expansion aims to streamline operations, reduce manual tasks, and save time for restaurant owners. According to Lightspeed's 2024 State of Hospitality Report, 62% of restaurateurs seek to improve labor management, while 74% look for technology to streamline operations.
The collaboration between Lightspeed and 7shifts provides a comprehensive solution for restaurant management, reflecting Lightspeed's commitment to enhancing efficiency in the hospitality industry.
NuORDER by Lightspeed, a leading B2B commerce platform, has appointed Chris Akrimi as Head of Revenue for Lightspeed B2B / NuORDER. Akrimi brings over two decades of experience in retail tech and a vision for its future. Michael Ganci, SVP of B2B Go-to-Market, highlighted Akrimi's proven track record with prestigious tech companies, global brands, and luxury retail powerhouses.
Akrimi's most recent role was CEO at The Layer, an AI-driven commerce data company. He has also held executive positions at Joor, Ralph Lauren, Eastpak, and Scotch & Soda. Throughout his career, Akrimi has worked with global companies like LVMH, Hermes, Richemont, Capri, VF Corp, Chanel, Kering, and Itochu. He expressed excitement about joining Lightspeed and contributing to shaping the future of commerce in a rapidly evolving digital era.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has responded to recent media reports about a potential transaction involving the company. Lightspeed stated that it is currently conducting a strategic review of its business and operations to realize its full potential. The company has engaged in discussions regarding potential strategic alternatives and may continue to do so.
The Board of Directors is committed to acting in the best interests of the company and its stakeholders. Lightspeed does not intend to disclose further developments unless required by regulatory obligations. The company, founded in Montréal in 2005, provides a cloud commerce solution for businesses in retail, hospitality, and golf sectors across over 100 countries.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has released data highlighting the importance of a strong online presence for golf courses. The survey reveals that 75% of golfers consider a good website experience important, and 49% value a strong online presence. Social media plays a important role, with 60% of golfers aged 18-34 actively following courses on these platforms. Courses using Lightspeed's Digital Marketing Solutions (DMS) for 90-180 days saw a 64.6% increase in Facebook reach and a 142% increase in website sessions. The data emphasizes the evolving landscape of golf course marketing, with digital strategies becoming essential for attracting new players and retaining existing ones.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has launched Benchmarks & Trends, a new AI-driven feature suite for Lightspeed Restaurant in the US. This tool uses machine learning to provide restaurateurs with comparative data and actionable insights to boost revenue and streamline operations. Key features include:
1. Tailored insights comparing restaurant performance to local competitors
2. Meaningful comparisons adjusted for business size
3. Smart forecasting using historical data and machine learning
4. Streamlined operations optimization
Lightspeed Restaurant POS is reportedly 40% faster than leading competitors in North America. The launch addresses industry needs identified in Lightspeed's 2024 State of Hospitality Report, where 49% of restaurateurs reported growing competition and 74% sought technology to streamline operations.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), a leading one-stop commerce platform, has announced its participation in the Piper Sandler Growth Frontiers Conference. The event details are as follows:
- Speaker: JD Saint-Martin, President
- Date: Wednesday, September 11, 2024
- Time: 3:00 pm ET
- Location: Virgin Hotel, Nashville
A webcast of the presentation will be available on Lightspeed's investor relations website and will remain accessible on-demand for 180 days. This conference provides an opportunity for investors to gain insights into Lightspeed's growth strategies and market position in the omnichannel commerce sector.