UPS expects record number of gift returns on Tuesday

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 3, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    Returns of online holiday gifts to hit record - Reuters

    With a Christmas season that has seen record e-commerce sales coming to a close, returns should hit an all-time high on Tuesday for United Parcel Service (UPS.N).

    The delivery company expects to handle more than 550,000 returns on Tuesday, a record, and up almost 8 percent from a year earlier. Several other days during the first week of 2012 will also top half a million returns, UPS said.

    "This will definitely be the busiest year for returns," Ken Burkeen, marketing director of the retail and consumer products division at UPS, told Reuters.