Today is ‘National Returns Day’ and UPS anticipates nearly 2 million unwanted gifts to ship

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 2, 2020.

  1. cheryl

    cheryl I started this. Staff Member

    Today is ‘National Returns Day’ and UPS anticipates nearly 2 million unwanted gifts to ship - CNBC

    United Parcel Service on Thursday expects to ship 1.9 million gifts and other items back to U.S. retailers as e-commerce fuels an anticipated 26% year-over-year volume surge on “National Returns Day.”

    Jan. 2 is the busiest day for holiday returns in the United States. U.S. shoppers return more packages than their peers around the globe, spurred by free shipping on orders and returns - costly perks that squeeze retailer profits.

    About 10% of goods sold in the United States go back to retailers every year, resulting in roughly $369 billion in lost sales, according to a 2018 report from Appriss Retail and National Retail Federation.
     
  2. Justaloader

    Justaloader Active Member

    Great. One of the trailers I handle / load in our hub is the Amazon returns trailer. Going to be a long night.......
     
  3. Ghost in the Darkness

    Ghost in the Darkness Well-Known Member

    So what is Friday? Why am I out late delivering in the dark again while Scrooge is home laughing and molesting his pets.