Lightspeed Unveils Seasonality Forecasting To Help Retailers Increase Profit and Reduce Days Out of Stock

Core Insights - Lightspeed has introduced a Seasonality Forecasting model that enhances demand prediction for retailers by analyzing year-over-year trends, allowing for smarter purchasing decisions and reducing stockouts during peak periods [1][3] - The new model has reportedly led to an increase of approximately $13,000 in gross profit for merchants utilizing Lightspeed Insights, based on typical inventory values [1][7] - Lightspeed's Seasonality Forecasting is integrated directly into its POS platform, eliminating the need for third-party integrations or manual data analysis, thus positioning Lightspeed as a leader in retail innovation [2][5] Inventory Management Enhancements - Retailers face significant challenges in inventory planning, with Lightspeed's tools addressing issues such as inaccurate forecasting, stockouts, and overstocking [3][7] - The implementation of Sales Visualizations allows merchants to dynamically view sales trends through interactive graphs, simplifying complex data and enabling better performance tracking [3][5] - Merchants using Lightspeed Insights experience approximately 26% fewer days out of stock for top-selling items, which can enhance sales by ensuring high-demand products are restocked more quickly [7][10] Product Visibility and Insights - Lightspeed is enhancing the NuORDER's Order Trends feature, providing retail buyers with insights into top-performing products, categories, sizes, and colors, which is now available to U.S.-based NuORDER customers [4][5] - The overall enhancements empower buyers with trend-based insights, helping them stock in-demand products effectively, thereby driving sales and reducing waste [5][6] Geographic Availability - The new Lightspeed Insights features are now available to all Lightspeed Retail merchants across North America, Europe, and beyond, facilitating better inventory planning and increased profitability [5][11]