Square Introduces New Point-of-Sale App and Complete Set of Tools for Retail Businesses

Square announced today they are offering a new, complete package of business tools built to work together seamlessly – uniquely for retailers. Known as Square Retail, this new point of sale app is optimized specifically for retailers and was built with the “retail workflow in mind so you can focus on continuing to grow your business,” as explained on the Square website.

Square for Retail includes:

• A new retail point-of-sale app, with a search-based interface for faster checkout and bar code scanning to quickly build a cart.
• A smart customer directory that tracks sales by customer and automatically builds customer profiles and sorts them into groups based on sales habits.
• Real-time inventory management across all business locations, as well as purchase orders, vendor management, and cost of goods sold and margin reporting.
• Built-in employee management tools for all employees, which includes lockdown features and functionality by employee level, across all your employees and locations.

Last year, Square reports that retail businesses were responsible for 20 percent of all payments volume processed through Square. Using the feedback they gained from their clients, Square for Retail and their new Square Retail app was built based on feedback from these retail businesses, including Pure Liquid Wine & Spirits.

As explained on Square.com, Henry Meer and Richard Hanano, owners of Pure Liquid Wine & Spirits, wanted to provide a best-in-class customer experience at their shop at Westfield World Trade Center. They were looking for a point-of-sale solution that allowed them to cultivate customer relationships with their community of wine and spirit drinkers and collect drinking profile preferences to keep their customers coming back, while seamlessly managing inventory for their hundreds of wines and spirits without extensive paperwork.

I love how when you open the app it drops you right into the cart to let you quickly search and scan through the more than 800 wines and spirits in our collection,” said Henry. “We can keep our inventory up to date from the point of sale, and it makes it easy for us to check out busy New Yorkers quickly, which is important since the shop is in such a heavily trafficked area.”

Square for Retail is $60 per month, per register, and has everything to manage a sophisticated retail business no matter how many employees and locations you have. Learn more about Square for Retail here.

Photo Credit: Square