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April 22, 2021, 3:32 p.m. EDT

Square announces new inventory features for its sellers

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By Emily Bary

Square Inc. /zigman2/quotes/205989440/composite SQ +0.12% announced Thursday that it plans to make new inventory-management features available to its sellers. The company is rolling out tools that help sellers automate their inventory-management processes by using barcode scanners to take stock of inventory and receiving alerts driven by machine learning to see when an item is due to run out. The company will also let sellers build out their catalogs by scanning item barcodes and seeing item information automatically populate. "We're looking forward to providing sellers with access to the tools they need to prepare for reopenings and the year ahead," said Roshan Jhunja, Square's general manager for retail, in a release. They've gained 10.0% over the past three months as the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.85% has risen 7.7%.

/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 203.16
+0.24 +0.12%
Volume: 10.09M
May 18, 2021 4:00p
P/E Ratio
285.38
Dividend Yield
N/A
Market Cap
$92.40 billion
Rev. per Employee
$1.73M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,127.83
-35.46 -0.85%
Volume: 2.33B
May 18, 2021 5:16p
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