On Monday, Shares of Square Inc (NYSE:SQ), added 0.13% and closed at $11.67 in the last trading session. The last trading range of the stock ranges between $11.52 and $11.82. Recently Square, the company unwilling to accept the status quo for local businesses, declared that it reduced the speed of their chip card reader by 25% from 5.7 seconds to 4.2 seconds (measured from when a card has been dipped to when payment is complete). Square also unveiled its aim to further reduce that speed to around 3 seconds as it continues shaving off transaction time through software updates that get automatically pushed to business owners’ devices. (News agencies report average chip speeds anywhere from 8 seconds to 13 seconds, though there isn’t one consistent methodology for measuring transaction speed.)
Nearly one year ago, the U.S. began a transition to chip cards, riddled with hurdles like masking tape covering chip slots at big box stores and lengthy lines of customers waiting at the register to retrieve their cards. “Consumers and business owners alike loathe waiting for chip cards to process. And we, at Square, feel the same. But it doesn’t have to be this way,” said Jesse Dorogusker, Square’s Hardware Lead said in a blogpost.
Square is in an exclusive position to tackle this challenge because they design both the hardware and software in-house. This allows engineers to optimize the entire system at once and push the reader even faster. “We’re committed to saving time for our sellers and the customers they serve. Conversations with business owners should be about the delicious cheeseburger you ate or the new haircut you just stopped in for, not the amount of time it takes to pay for them,” Dorogusker continued.
Urban Outfitters, Inc. (NASDAQ:URBN), jumped 0.78% and closed at $34.79 in the last trading session. The last trading range of the stock ranges between $34.38 and $34.95. The company’s Market capitalization is $4.09 Billion with the total Outstanding Shares of 117.23 million. Urban Outfitters, Inc., a lifestyle specialty retail company, engages in the retail and wholesale of general consumer products. It operates through two segments, Retail and Wholesale. The company retails womens and mens fashion apparel, intimates, footwear, beauty and accessories, home goods, activewear and gear, and electronics, in addition to a mix of apartment wares and gifts for young adults aged 18 to 28 under the Urban Outfitters brand; and assortment, counting womens casual apparel and accessories, intimates, shoes, beauty, home furnishings, and various gifts and decorative items for women aged 28 to 45 under the Anthropologie brand. It also offers a collection of heirloom quality wedding gowns, bridesmaid frocks, party dresses, assorted jewelry, headpieces, footwear, lingerie, and decorations under the Bhldn brand; and lifestyle home and garden products, antiques, live plants, flowers, wellness products, and accessories under the Terrain brand, in addition to operates Terrain garden centers that offer full service restaurant and coffee bar services. In addition, the company operates Free People retail stores that provide merchandise mix of casual womens apparel, intimates, shoes, accessories, activewear, home products, and gifts for women aged 25 to 30. It serves its customers directly through retail stores, Websites, mobile applications, catalogs, and customer contact centers. As of March 7, 2016, the company operated 240 Urban Outfitters stores; and 218 Anthropologie Group stores comprising Anthropologie, Bhldn, and Terrain brands in the United States, Canada, and Europe, in addition to 114 Free People stores in the United States and Canada.
HD Supply Holdings Inc (NASDAQ:HDS), lost -0.03% and closed at $31.97 in the last trading session. The last trading range of the stock ranges between $31.87 and $32.24. During the 52-week trading session the minimum price at which share price traded, registered at $21.26 and reached to max level of $36.99. HD Supply Holdings, Inc. operates as an industrial distributor in North America. The companys Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, in addition to heating, ventilating, and air conditioning products. Its Waterworks segment provides pipes, fittings, valves, hydrants, and meters for use in the construction, maintenance, and repair of water and waste-water systems, in addition to fire-protection systems; and smart meters, fusible piping solutions, and engineered treatment plant products and services. The companys Construction & IndustrialWhite Cap segment offers tilt-up brace systems, forming and shoring systems, concrete chemicals, hand and power tools, cutting tools, rebar, ladders, safety and fall arrest equipment, screws and fasteners, sealants and adhesives, drainage pipes, geo-synthetics, erosion and sediment control equipment, and other engineered materials used in non-residential and residential construction. Its Corporate & Other segment provides home improvement solutions, such as light remodeling and construction supplies, kitchen and bath cabinets, windows, plumbing materials, electrical equipment, and other products; and interior solutions comprising floorings, cabinets, countertops, and window coverings, in addition to design center services.