Staples Opens U.S. Postal Service Branches Inside Stores

The U.S. Postal Service and Staples (Nasdaq: SPLS) have launched a pilot program that will see USPS postal counters inside 82 Staples stores.

The initiative, called the USPS Retail Partner Expansion Program, aims to offer more convenient locations for both Staples and USPS customers to complete their postal transactions.

"I think it's a great marriage of the two. Folks come here for office supplies, all kinds of needs in that regard," Tad Kelley, a USPS spokesperson, told CBS News. "Now, they have the opportunity to mail things right from this location. I think it's really a good fit."

Staples stores with USPS counters will offer many of the same services as standard USPS branches, including first-class domestic and international mail and package services, priority mail, priority mail express, standard post and stamps and boxes for purchase.

The Retail Partner Expansion Program is the first of its kind. There's no word yet if the program will expand to other retailers. The move comes just days after the U.S. Postal service announced an exclusive deal with Amazon to deliver packages on Sunday.

Analysts suspect that the partnership is an effort to increase profit of the financially-troubled USPS, which reported a $5 billion net loss for the 2013 fiscal year.

For more see:
This Washington Post article
This Investor Place article

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