A Bad Thanksgiving Weekend for Stores, But a Great One For UPS

Discussion in 'The Latest UPS Headlines' started by cheryl, Dec 4, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    A Bad Thanksgiving Weekend for Stores, But a Great One For UPS - Wall Street Journal

    United Parcel Service Inc.UPS is on track for a record breaking year after a huge boost in traffic over the weekend thanks to online shopping, even as sales were down at traditional retailers.

    “Cyber sales were up significantly, and cyber sales are what drive packages,” said Alan Gershenhorn, chief sales, marketing and strategy officer, in an interview with the WSJ on Monday, adding that the Black Friday weekend has officially turned into “Cyber Weekend.”

    The company’s delivery army picked up about 32 million packages on Cyber Monday – about 10% more than ever before – and is on track to deliver more than 129 million packages this week, he added.