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In a bid to increase foot traffic and prop up faltering sales https://www.thetopsneaker.com/nike-air-women , discount retailer Stein Mart is bringing Amazon Hub lockers to more than 200 of its stores.Rather than having their Amazon orders shipped to a home or business address, customers can have them sent to the lockers for free. They can also select the kiosks as return centers when initiating the process online and drop off their unwanted goods in store.Stein Mart is facing the same challenges as many of its department store contemporaries, and this past year was no exception. Sales from the first few months of 2019 fell 3.5% over the year prior, and dipped 1% overall in 2018.In January 2018, Stein Mart CEO Hunt Hawkins said in a statement that the franchise was willing to “explore all opportunities” to improve sales and that it was seeking to “identify potential strategic alternatives” to its current business model.That strategic alternative has materialized in the form of a deal with an online behemoth that’s likely partially responsible for the 117-year-old department store’s downturn.Stein Mart is likely looking to successful Amazon partnerships with brick-and-mortar chains like Kohl’s for inspiration. The two companies entered into business in late 2017 with a program that allowed customers to return their Amazon goods to Kohl’s stores. The arrangement began with 82 stores but has now grown to include all of Kohl’s 1,150-plus locations across 48 states.As the struggling chain had hoped, providing a convenient drop off point for Amazon shoppers drew them into Kohl’s stores to browse and buy. By early 2018, just a few months after the partnership was finalized in the Chicago region, Kohl’s revenue growth in the area was up 10%, compared with 5% growth across the rest of the country.“We are thrilled to offer this innovative delivery experience to Amazon customers while introducing new shoppers to Stein Mart https://www.thetopsneaker.com/nike-free-women ,” Hawkins said. “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.”Editor’s Note: This story was reported by FN’s sister magazine Sourcing Journal. For more, visit Sourcingjournal.com.Watch FN's interview with these shoe designers.Want more?Amazon Is Taking a Page From Sneaker Brands With Limited-Edition Items on 'The Drop' Despite President Donald Trump's "America First" promises, the United States recorded a $621 billion trade deficit in 2018 — an increase of $68.8 billion from the prior year and the widest since the 2008 financial crisis.The Commerce Department's report, which was delayed by the government shutdown, further revealed that the U.S. saw an $891.2 billion merchandise deficit — the biggest in the country's 243-year history.The trade deficit measures the difference between a nation's imported and exported goods and services, showing that the U.S. purchased a great deal more in foreign products than it had sold to countries in Europe, Asia and more."This is not a surprise at all," said Matt Priest, president and CEO of the Footwear Distributors & Retailers of America. "Trade deficits are neither good or bad; they grow and they shrink based on a lot of different factors. Oftentimes for the USA Womens Nike React , they grow when the economy is doing well because we have the biggest amount of purchasing power in the world, so we're buying more stuff and importing more stuff. It's not bad news. In fact, it's a reflection of a strong economy."Trump has made the reduction in the trade deficit — particularly the country's bilateral trade relations with China — a focal point of his presidency. The Commerce Department reported that the trade gap with China also reached a record $419.2 billion in 2018, as the leaders of the world's two largest economies seek a deal to resolve their monthslong tariff dispute."The increase shows the problems with starting a trade war. In this case, U.S. importers rushed to bring in more goods before being hit with punitive tariffs, while at the same time U.S. exports crumbled due to closing markets caused by retaliatory tariffs," explained Rick Helfenbein, president and CEO of the American Apparel & Footwear Association. "The result shows how apparel and footwear companies have been able to adjust their supply chains to remain price competitive during the holiday season. Unfortunately, it also means prices will go up in the coming weeks and months for American families."Late this month, Trump is expected to meet with Chinese President Xi Jinping to discuss terms to end the trade war. Within the past year Cheap Nike Shoes From China , Washington has imposed duties on $250 billion in Chinese goods, while Beijing has responded with levies on $110 billion in U.S. products. Even with the imposed tariffs — including those that impacted steel and aluminum — the U.S. continues to see its imports overtake exports.The U.S. is also pursuing new negotiations for a trade agreement with the European Union and Japan."I don't think, from a footwear perspective, we'll see any dramatic change," Priest added. "The changes we're already seeing, such as the shift to Vietnam and elsewhere, were already happening before Trump took office and will continue to happen even after he leaves."This story was updated with comments from the AAFA.Want more?These Are the Countries That Stand to Benefit From the US-China Trade WarWhat China's Disappointing Manufacturing Report Means for the US EconomyThe Biggest Challenges for 'Made in America' Under the Trump Administration



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Sun Oct 20, 2019 8:21 am