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Square has released its Holiday Retail Report. This report forecasts stable holiday spending, with in-person shopping rising as consumers embrace physical stores.

Gift card purchases have surged by 43%, driven by supply chain concerns. Retail sales trends remain consistent with previous years, maintaining a median promotion of $10 off. Key findings include a 36% rise in toy demand and a 32% increase in home supply GPV. Square emphasizes the importance of creating seamless shopping experiences to foster customer loyalty.

Square has launched the Square Photo Studio app, enabling businesses to easily create professional-quality product images directly from their mobile devices.

This app syncs images with Square's item catalog or online store, enhancing customer experience. Recent data indicates that 94% of first orders by retail merchants included product images. The app is available globally, making it accessible to all sellers, thus boosting sales with minimal costs and effort.

Square has launched the Square Photo Studio app, allowing sellers to create high-quality product images using their mobile devices at no cost. This initiative aims to enhance online sales by providing easy-to-follow prompts and automated background isolation.

Recent Square data shows that 94% of first orders included product images, emphasizing the importance of visuals in e-commerce. The app is available globally and can help businesses save time and money in product photography.

TIDAL, a global music streaming service, announced significant updates aimed at enhancing user and artist experiences. These changes include the launch of a free tier exclusive to the US, alongside new paid options: TIDAL HiFi at $9.99/month and TIDAL HiFi Plus at $19.99/month. Notably, the HiFi Plus tier introduces direct-to-artist payments and fan-centered royalties, enhancing artist support. TIDAL has partnered with Square and other distributors to ensure rapid payments to artists. The service now boasts over 80 million songs in its catalog.

Square has launched its enhanced Square Marketing tool in Canada, aimed at helping businesses engage customers effectively during the busy holiday season. The tool allows for the creation, tracking, and management of email marketing campaigns in one place. In the U.S., data indicates a significant increase in coupon redemption rates, rising from 50% to 78%. Features include automated email sending, campaign performance tracking, and integration with other Square tools. While available for free until the end of November 2021, it will adopt a tiered pricing model afterward.

Square, Inc. (NYSE: SQ) has released its third-quarter 2021 financial results, now available on its Investor Relations website. A conference call will take place today at 2:00 p.m. Pacific time to discuss the results. The company focuses on empowering businesses and individuals within the economy through its various tools, including Square for sellers and Cash App for individuals. Square also operates TIDAL, a music and entertainment platform aimed at economic empowerment for artists.

Square has unveiled research highlighting how the UK retail and restaurant sectors are evolving post-pandemic. Key findings reveal that 97% of consumers now shop online monthly, and 73% recently purchased via social media. In restaurants, 98% have adapted their business models, with 91% expecting increased revenue from takeout. Additionally, 71% of retailers are investing in inventory management technology. Square's insights indicate that both industries are committed to innovation and community engagement as they navigate the future of commerce.

Square has launched two new tools in the UK: Square Marketing and Square Loyalty. These tools aim to help businesses enhance sales and customer engagement. Square Marketing enables businesses to create and track email marketing campaigns efficiently, while Square Loyalty allows the setup of customized loyalty programs to encourage repeat visits. The introduction of these products positions Square as a comprehensive solution for businesses of all sizes, facilitating easier access to marketing tools typically available only to larger companies.