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. (NYSE: LSPD, TSX: LSPD) generates a steady flow of news as a POS and payments platform serving retail, golf, and hospitality businesses in over 100 countries. News about Lightspeed often highlights product innovation, AI capabilities, wholesale marketplace developments, financial results, and corporate milestones, giving investors and industry observers insight into how the company is evolving its omnichannel SaaS platform.
Recent announcements have focused on new offerings such as Lightspeed AI, an intelligence layer that introduces conversational assistants within Lightspeed Retail, Lightspeed Restaurant, and NuORDER to help merchants and buying teams access data-driven insights. Lightspeed has also unveiled Lightspeed Tempo, a pacing intelligence built into Lightspeed Restaurant, and a new NuORDER Marketplace experience that centralizes multi-brand wholesale shopping and ordering with POS integration.
In addition to product updates, Lightspeed news includes financial results and outlook updates, conference call announcements, and strategic leadership changes, such as the appointment of a Chief Revenue Officer and board appointments. Coverage also extends to recognition in programs like Deloitte's Technology Fast 50, as well as partnerships and wholesale initiatives through NuORDER by Lightspeed.
This news page for LSPD brings together these types of updates so readers can follow developments in Lightspeed's platform, AI initiatives, wholesale ecosystem, and financial reporting. For investors, merchants, and analysts tracking the company, it offers a central view of how Lightspeed is positioning its POS, payments, and commerce tools across retail, hospitality, and golf.
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.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has launched Retail Insights, a new product offering data-driven tools to help retailers optimize inventory and sales opportunities. The platform uses historical and real-time data to forecast demand, factoring in stock-outs and enabling proactive purchase orders. Key features include:
1. Missed/Estimated items sold analysis
2. Non-seasonal replenishment forecasting
3. Streamlined purchase order creation
4. Detailed inventory and sales reporting
5. Customizable reporting options
Retail Insights aims to help merchants increase sales, manage inventory risks, and streamline operations. The product is now available globally to Lightspeed's retail clients, supporting the company's goal of offering the best POS experience.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has announced a new collaboration with US Foods Holding Corp. (NYSE: USFD), integrating Lightspeed Restaurant technology into US Foods' CHECK Business Tools program. This partnership will make Lightspeed's advanced POS solutions available to thousands of restaurants and foodservice operators across the United States.
Key benefits for US Foods customers include exclusive offers on Lightspeed POS hardware, advanced insights to boost sales and improve customer service, and multi-location management capabilities. The collaboration aims to help restaurant operators streamline operations, increase profitability, and enhance customer experiences.
This partnership represents a significant milestone for Lightspeed, potentially expanding its reach in the U.S. restaurant industry and setting a new standard for dining technology solutions.
Lightspeed Commerce Inc. (TSX: LSPD) (NYSE: LSPD) held its annual shareholders' meeting on August 1st, 2024, with all proposed items of business approved by shareholders. Key outcomes include:
1. All seven nominated directors were elected with over 98% approval.
2. PricewaterhouseCoopers LLP was appointed as the company's auditor with 99.84% of votes in favor.
3. The advisory, non-binding resolution on executive compensation was approved with 98.92% support.
Lightspeed, a unified POS and payments platform for entrepreneurs, saw strong shareholder support across all voting items, indicating confidence in the company's leadership and strategic direction.