UPS CFO: Large retailers cautious - CNBC
I think the large retailers we talked to are cautious this year. they do expect to see increased sales. We don't think it's going to be a huge increase over last year.I think it's going to be a little more of a cliff hanger, though, because of this tighter shopping season. All of us, u.p.s. and all the retailers will waiting to see as customers realize they don't have as many days left to finish their shipping. Myself included as a bad procrastinator. We'll see a big rush, actually, the week before christmas and our largest day will be December 16th when we pick up over 34 million packages.
I think the large retailers we talked to are cautious this year. they do expect to see increased sales. We don't think it's going to be a huge increase over last year.I think it's going to be a little more of a cliff hanger, though, because of this tighter shopping season. All of us, u.p.s. and all the retailers will waiting to see as customers realize they don't have as many days left to finish their shipping. Myself included as a bad procrastinator. We'll see a big rush, actually, the week before christmas and our largest day will be December 16th when we pick up over 34 million packages.
