Lightspeed Commerce Inc. Partners with NK Retail to Transform Merchandising Processes
- Lightspeed Commerce partners with NK Retail to streamline merchandising and buying processes using the NuORDER platform.
- The partnership aims for a 60% increase in order-writing efficiency, enhancing NK Retail's operational flow.
- Lightspeed's acquisition of NuORDER strengthens its position in providing innovative, data-driven solutions for retailers.
Lightspeed Commerce Partners with NK Retail to Digitize Merchandising Processes
Lightspeed Commerce Inc. forges a strategic partnership with NK Retail to enhance the latter's merchandising and buying processes through the adoption of the NuORDER platform. This collaboration aims to streamline NK Retail's back-end operations, allowing teams to concentrate on creating exceptional in-store customer experiences. As retailers navigate uncertainties in global markets, the demand for real-time data becomes increasingly critical for informed strategic buying decisions. With the implementation of NuORDER’s digital tools, NK Retail anticipates a significant 60% increase in order-writing efficiency, effectively alleviating manual processes that have historically hindered operational flow.
The NuORDER platform stands out for its comprehensive reporting and analytics capabilities, which are pivotal for empowering NK Retail's buying teams. These enhanced data insights facilitate better decision-making, thereby bolstering the company's merchandising storytelling within its stores. Karin Edgren, Buying Manager at NK Retail, underscores that this partnership will enable sales advisors to better meet customer needs, reinforcing the company's dedication to providing high-quality service in the competitive Swedish market. By leveraging technology, NK Retail positions itself to not only improve operational efficiency but also to enhance customer satisfaction through more tailored and effective service.
Chris Akrimi, Head of Revenue for NuORDER, highlights the growing demand among Nordic retailers for data-driven solutions that align with digitization and sustainability objectives. This partnership exemplifies the ongoing trend in retail where technology plays a pivotal role in transforming traditional operations into more agile and responsive systems. With Lightspeed's acquisition of NuORDER in 2021, the company further solidifies its role as a leader in providing innovative solutions that support retailers in adapting to changing market dynamics and consumer expectations.
In addition to its partnership with NK Retail, Lightspeed continues to serve a diverse clientele, including renowned brands like Saks Fifth Avenue and Nordstrom. With over 5,000 brands and 150,000 vetted retailers globally, Lightspeed's comprehensive commerce platform integrates online and physical operations across various sectors, including retail and hospitality, in over 100 countries. This strategic focus on enhancing operational capabilities through digitization positions Lightspeed as a key player in shaping the future of retail.