Though inventory has always been a challenge for retailers large and small, the COVID-19 pandemic has been acutely disruptive to retailers’ inventories, leaving retailers with either too much merchandise or not enough. For companies like Nordstrom, Stitch Fix, TJX and Ross, inventory woes have hurt the bottom line.
The launch of Square’s inventory management features follows the rollout of multiple other tools aimed at supporting merchants. Over the past few years, the platform released an all-in-one portable payments tool, updated its Square Online Store and Square for Retail products, and launched Square for Retail on Square Register, which integrated its software, hardware and payments solutions technology.
