Welcome to our dedicated page for Block news (Ticker: SQ), a resource for investors and traders seeking the latest updates and insights on Block stock.
News and press releases related to Square and the historical ticker symbol SQ focus on how the company develops and expands its integrated ecosystem of commerce and financial tools. As part of Block, Inc., Square appears frequently in announcements about product launches, partnerships, research, and marketing campaigns that affect restaurants, retailers, and other consumer-facing businesses.
Readers following SQ-related news will see updates on new hardware and software, such as the introduction of Square Releases, a biannual product launch format that bundles features and tools for sellers, and the debut of Square Handheld, a portable point-of-sale device designed for fast-moving businesses. News also covers enhancements to Square Point of Sale, restaurant-specific capabilities, retail inventory management, and tools for services and health and beauty providers.
Company announcements highlight partnerships that extend Square’s reach, including collaborations with restaurant chains like Bambu Dessert Drinks and strategic relationships with organizations such as Sysco and WooCommerce. These stories describe how Square’s technology is implemented across franchise networks, integrated with delivery platforms, and promoted through partner programs to help sellers manage operations and cash flow.
Other news items feature research and campaigns that showcase Square’s role in local economies. The Future of Commerce report provides data on how restaurants, retailers, and beauty businesses plan to use automation, loyalty programs, and technology, while marketing campaigns like “Running a Restaurant Is No Joke” spotlight restaurant owners and their experiences using Square. Seasonal updates, such as Black Friday and Cyber Monday transaction data across Block’s brands, illustrate how sellers using Square, Afterpay, and Cash App perform during major shopping periods.
Investors and observers can use the SQ news archive to understand how Square’s product roadmap, partnerships, and research initiatives evolve over time, and how these developments relate to Block’s broader ecosystem and the announced ticker symbol change from SQ to XYZ.
Ally, Inc. has announced a new collaboration with Square, Inc. (NYSE:SQ), aimed at enhancing tools for restaurants, retail, and eCommerce businesses. This partnership will provide a fully integrated suite of software solutions intended to boost profits, lower costs, and streamline deliveries. Ally offers a SaaS platform that tackles issues like high transaction fees and customer satisfaction challenges. Supporting over 90,000 drivers and 500+ brands, Ally aims to revolutionize business transactions by offering a cohesive ordering and fulfillment system.
Square has launched on-demand delivery for Canadian businesses using Square Online, accessible through DoorDash Drive. This initiative allows sellers like restaurants and bars to dispatch couriers for direct deliveries from their websites without commission fees. The service aims to provide a new revenue stream and help businesses manage delivery costs effectively. Sellers incur a flat fee of
Square's second annual "Future of Commerce" report reveals a shift in retail, restaurant, and beauty industries towards omnichannel operations. Notably, 58% of restaurateurs are less concerned about survival compared to 92% last year, with 69% planning to continue online ordering post-COVID. Retailers report 58% of revenue from online sales, while 47% offer buy online, pick up in-store. The beauty sector sees a similar trend, with 96% of businesses selling retail products through various channels. The report emphasizes the importance of adapting to changing consumer behaviors for sustained growth.
Square Financial Services has launched the 21 Squared Grant Initiative, partnering with the Community Foundation of Utah to award microgrants of
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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.