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Stock impact report

NuORDER by Lightspeed Extends Partnership with Nordstrom as Retailer Invests in Data-Driven Wholesale Strategies

Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) 
Company Research Source: Business Wire
MONTREAL--(BUSINESS WIRE)--NuORDER by Lightspeed, a leading global commerce platform that enables retailers and brands to connect, collaborate, and make smarter buying decisions, today announced Nordstrom is strengthening its partnership with NuORDER by Lightspeed. NuORDER will play a larger role in Nordstrom’s end-to-end data and integration program to enable Nordstrom to further improve their merchandise assortment and customer experience.By creating a universal catalog of product, category, sizing data, and imagery, NuORDER helps Nordstrom operate more efficiently at scale by reducing manual processes and accelerating buying cycles. Today, NuORDER collects over 50 data points per item. As Nordstrom develops AI-powered processes to get merchandise to customers more efficiently, NuORDER will increase data capture to support AI-driven forecasting, product recommendations, and personalization.“Collecting comprehensive product data from thousands of brands is time-intensive, costly, Show less Read more
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