Square is introducing its custom-built point of sale system, Square for Retail, designed specifically for the retail industry in Australia. 

Square for Retail enables retailers to manage in-store and online sales in one place with the ability to sync items such as inventory, prices, and sales data instantly. There is also a full suite of tools including stock and vendor management, margin reporting and more. 

Square for Retail has everything retailers need to work more streamlined as they get back to business as usual this year, according to Square seller leader, Alyssa Henry said.

“After a tough 2020, navigating forced closures and trading restrictions, Australia’s retail sector needs reliable technology platforms to help it recover,” she said.

The software is search focused for businesses to find customer profiles and items using a unified search bar at the top of the interface. It supports barcode scanning for building out a customer’s cart at checkout. Using Square’s dashboard tools, businesses can also maintain and browse a smart customer directory, that tracks sales and builds profiles of shoppers. 

Square Australia business development lead, Colin Birney said Square for Retail is a welcome addition to the ecosystem of Square products now available to Australian businesses.

“Square has traditionally been a great fit for smaller market traders and boutiques, but we haven’t always been able to meet the needs of larger retailers. Square for Retail enables us to scale depending on the needs of our sellers, so we can serve any retailer from a one-location shop to those with multiple locations, online channels, and lots of inventory to track,” he said.

“Over the past five years, our Australian retailer base has increased by an average of 78% annually, with the number of larger multi-location retailers increasing 122% annually over the same period.”

Square for Retail is available with a no cost starter plan, as well as a plus plan for $109 per month. The software works with Square’s growing ecosystem of products and services including the new Square Terminal, inventory management, data analytics, and more.