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The COVID-19 pandemic has helped small- and medium-sized businesses better position themselves in their fight against e-commerce giants like Amazon.com Inc., the chief executive of Lightspeed POS Inc. . .
Winnipeg Free Press By: The Canadian Press Last Modified: 8:05 AM CDT Thursday, May. 20, 2021 Save to Read Later MONTREAL - COVID-19 lockdowns keeping shoppers home pushed Lightspeed POS Inc. to report a US$42 million net loss in its latest quarter, but the company believes a rebound is starting to materialize. Dax Dasilva, CEO of Lightspeed, is seen in his office Tuesday, September 15, 2015 in Montreal. THE CANADIAN PRESS/Paul Chiasson MONTREAL - COVID-19 lockdowns keeping shoppers home pushed Lightspeed POS Inc. to report...
MONTREAL — Lightspeed POS Inc. reported a net loss of US$42 million in its latest quarter compared with a loss of US$18.6 million in the same quarter a year earlier as its revenue more than doubled. The Montreal-based e-commerce company, which keeps its books in U.S. dollars, says the loss amounted to 34 cents per […]
The COVID-19 pandemic has helped small- and medium-sized businesses better position themselves in their fight against e-commerce giants like Amazon.com Inc., the chief executive of Lightspeed POS Inc. says. Dax Dasilva, who is at the helm of the Montreal software company, said Thursday that many independent businesses have been helped by their move away from brick-and-mortar locations only to a combination of physical and e-commerce offerings. "The businesses that did adapt...are going to emerge as much stronger businesses," he said. "That makes for stronger local businesses that are m...
Article content Montreal software firm Lightspeed POS Inc. has struck a global retail partnership with Alphabet Inc.’s Google to allow small businesses — many of which were devastated by pandemic closures — to advertise to local shoppers looking for alternatives to e-commerce giants. After more than a year of pandemic lockdowns that forced retailers and small merchants to close their doors, Lightspeed — which provides cloud-based point-of-sale services for the retail, hospitality and golf industries — is betting that customers are shifting their buying habits online but still want t...