This week is expected to be the busiest week of the holiday mailing and shipping season for the Postal Service. The organization expects to process and deliver nearly 3 billion pieces of First-Class Mail, including greeting cards this week alone. The Postal Service also expects to deliver nearly 200 million packages each week from Dec. 11-24. The Postal Service anticipates delivering more than 15 billion total pieces of mail this holiday season. Between Thanksgiving and New Year’s Day, USPS expects to deliver more than 850 million packages, an increase of more than 10 percent compared to the same period last year. Click Read More below for additional information.
Stein Mart, Inc. (NASDAQ: SMRT) today reported that its comparable stores sales for the nine-week period ended January 5, 2019 decreased 3.3 percent on a shifted basis, which compares to the nine-week period ended January 6, 2018. Results reflect lower store traffic partially offset by higher average unit retail and digital sales growth of 20 percent.
“Holiday sales were below our expectations, with traffic impacted by changes we made to our holiday marketing strategy,” said Hunt Hawkins, Chief Executive Officer. “Notwithstanding our holiday sales, fiscal 2018 operating results will be significantly better than last year.”