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Square announces new inventory features for its sellers

Square Inc. 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 has risen 7.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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