Lightspeed Commerce Inc. announced a broad suite of second quarter product innovations designed to help merchants adapt faster, sell smarter, and delight customers in a competitive marketplace. Lightspeed's increased investment in product development brought about a number of new products and features in second quarter across the retail, hospitality, and golf industries, including: Retail: As part of Lightspeed's overarching Retail product strategy, the Company released multiple AI-powered tools this quarter simplifying how retailers build and scale online. These are designed to eliminate effort, time, and unnecessary steps--empowering merchants to launch and optimize their online presence in record time, such as: Lightspeed's AI Showroom gives retailers a modern online presence powered by AI: Many retailers rely on a strong local customer base and in-person shopping only -but still need to have a modern online presence.
By surfacing their assortment and story online, retailers can attract new shoppers, support loyal customers, and drive in-store visits without the overhead of eCommerce operations. Lightspeed's Generative AI web builder now available to all retail merchants. For retailers where eCommerce is a vital component of their business, Lightspeed's Generative AI Web builder, announced in March of this year, brings cutting-edge AI-driven website building.
After a successful beta, this innovative tool is now available to all Lightspeed customers allowing retailers to create custom web elements without coding by using AI to analyze screen captures and generate production-ready code. Merchants simply describe or show Lightspeed's Website Builder what they want using real-world examples, and the tool builds them fully integrated, professional-looking online stores with speed and ease. AI-generated product descriptions that elevate online merchandising: To further enable retailers to save valuable time and enhance their online stores and showrooms, Lightspeed introduced AI Product descriptions.
This powerful new AI-powered tool automates the creation and formatting of high-quality, compelling product descriptions for online retailers. Retailers can customize by adding specific instructions for tone, style, and length to ensure brand consistency and significantly streamlining the manual workflow of adding new products. NuORDER Marketplace revolutionizes the retail ordering experience: Lightspeed's all new NuORDER Marketplace delivers a centralized wholesale platform designed for how modern retail operates: fast, flexible and in-season.
Currently in beta, Marketplace will be coming soon to all eligible NuORDER customers. Hospitality: Discover and enable more than 200 new third-party tools on Lightspeed Restaurant Integration Hub: A new in-product Integration Hub launched in the Lightspeed Restaurant Backoffice, powered by a robust backend system that streamlines the management of the integration ecosystem. This feature enables merchants to easily discover, connect, and start using third-party tools that help them run their businesses more efficiently than ever before.
This provides drill down views for each sales metric, showing how performance trends over time, helping merchants confidently assess whether they are winning or losing against competitors and make data-driven pricing and operational decisions. Lightspeed Capital is now available to retail and hospitality merchants in Switzerland actively transacting through Lightspeed Payments. Launched in August, Capital-eligible merchants now see their Capital offers appear directly within the Financial Services portal.
Improved payment options for Australian hospitality merchants. Lightspeed launched both Instant payout and Same-day payout for all eligible Lightspeed Hospitality Payments merchants on Lightspeed Payments in Australia. This integration allows merchants to sync their business hours, contact details and social links from Order Anywhere directly to Google, ensuring consistency without additional manual steps.
