Stein Mart, Inc. (NASDAQ: SMRT) operates as a national apparel company that specializes in off-price designer and name-brand fashion brands, home accessories, shoes, and more. The company operates 283 retails stores across 30 states. Shares of the retailer are jumping 42.80%, through early trading on Tuesday, May 21, 2019. Over the past three months, the retailer has seen average daily volume of 153,930 shares. However, volume of 5.18 million shares or dollar volume of $6.99 million, has already exchanged hands during trading on Tuesday.
Shares of SMRT are rallying on Tuesday, after the company announced that it is installing Amazon Hub Lockers across nearly 200 stores in 28 states. Amazon Hub Lockers are self-serve kiosks that allow customers to pick up their Amazon orders and packages in an alternative delivery option. Here is the full press release detailing of the installation:
Stein Mart, Inc. Press Release:
JACKSONVILLE, Fla., May 21, 2019 (GLOBE NEWSWIRE) — Stein Mart (SMRT) today announced that it is installing Amazon Hub Lockers in nearly 200 of its stores across 28 states. Amazon Hub Lockers are secure, self-service kiosks that provide customers of the online retailer an alternative delivery option to pick up and return their Amazon packages.
“We are thrilled to offer this innovative delivery experience to Amazon customers while introducing new shoppers to Stein Mart,” said Hunt Hawkins, Stein Mart’s chief executive officer. “Customer service and convenience are top priorities at Stein Mart, and the ability to give both to Amazon customers was a big factor in our decision to introduce this program.”
“Amazon will go where our customers are and deliver where and when they need us,” explains Patrick Supanc, Amazon Worldwide Director of Lockers and Pickup. “Rolling out Amazon Hub Lockers with Stein Mart is a great opportunity to provide a seamless shopping and delivery experience for our joint customers.”
Shipping to an Amazon Hub Locker at SMRT is easy, secure and available at no additional cost. During checkout, customers will select a Locker at the nearest Stein Mart as their shipping address. Once their package is ready for pickup, customers will receive an e-mail along with a barcode that they’ll use to pick up their package during store hours. Lockers will be available by early June.
About Stein Mart:
Stein Mart, Inc. is a national specialty off-price retailer offering designer and name-brand fashion apparel, home décor, accessories and shoes at everyday discount prices. SMRT provides real value that customers love every day both in stores and online. The Company operates 283 stores across 30 states. For more information, please visit www.SteinMart.com.