Square Report Finds Group of Loyal ‘Regulars’ Generates 6x More Revenue for Canada’s Small Businesses
Block, Inc. (XYZ)
Company Research
Source: Business Wire
Inaugural Square Local Economy Report shows repeat customers and shared neighbourhood business networks are strengthening Canada’s local economies TORONTO--(BUSINESS WIRE)--A small but loyal group of repeat customers generates nearly six times more annual revenue for Canadian neighbourhood businesses than one-time visitors, according to new data released today by technology company Square.The inaugural Square Local Economy Report combines anonymized transaction data from Canadian businesses with a national consumer survey. Findings reveal that “regulars” — defined as customers who visit four or more times within a year — are the backbone of Canada’s neighbourhood economies, generating significantly more annual value for local businesses.In Montreal, regulars generate seven times more annual value than occasional customers. Nationally, these repeat customers return at least nine or 10 times per year, creating steady revenue streams that help businesses withstand rising costs and eco
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