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Stein Mart shares soar 45% after plan to install Amazon Lockers announced

Tonya Garcia

Stein Mart Inc. stock soared 45% in Tuesday trading after the off-price retailer announced that it will install Amazon.com Inc.'s Hub Lockers in nearly 200 stores in 28 states. Amazon Lockers are found in various locations nationwide, including Whole Foods Market. Amazon has also partnered with Kohl's Corp. for the Amazon Returns program, which is rolling out this summer. Stein Mart stock is up 28% for the year to date while the S&P 500 index is up 14.2% for the period.