Lightspeed Commerce Unveils Retail Platform

Commerce platform Lightspeed has launched Lightspeed Retail, an offering that combines advanced POS, payments and eCommerce into one platform.

“Leveraging the power of headless commerce, powerful integrations and a completely reimagined interface, Lightspeed Retail is the ultimate commerce platform to help business owners elevate their strategy while managing the complex challenges of the evolving retail landscape,” the company said in a news release Thursday (May 5).

The Montreal-based company said the platform gives merchants access to customized commerce tools to meet the needs of their businesses.

The product is available on all platforms in North America, Australia, New Zealand, Singapore, Hong Kong, the UK and South Africa.

Lightspeed said the product is arriving on the market “at the right moment,” citing new data from a Lightspeed and Checkmarket survey of more than 7,200 global merchants and consumers that found that omnichannel retailers are seeing faster revenue growth than any other sector.

“We’ve truly built a product for every retailer, whether they’re starting out, scaling, or expanding globally, with tightly-integrated technology all in one tool,” said Lightspeed Retail GM Ana Wight.

Earlier this year, Lightspeed formed a partnership with women’s fashion business Intermix to improve digital transformation and sales.

Read more: Lightspeed, Intermix Team on eCommerce Customer Experiences

The partnership involves Intermix using the “NuORDER by Lightspeed” platform, letting it analyze assortments in categories and regions, get products set up on their eCommerce site and complete wholesale orders quicker.

In addition, the partnership lets Intermix use the platform’s tagging capabilities to expand on exclusives, fuel personalization and complete orders based on data-driven decisions.



About: Shoppers who have store cards use them for 87% of all eligible purchases – but this does not mean retailers should boot buy now, pay later (BNPL) options from checkout. The Truth About BNPL And Store Cards, a PYMNTS and PayPal collaboration, surveys 2,161 consumers to find out why providing both BNPL and store cards are key to helping merchants maximize conversion.

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