Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Amazon, FedEx reportedly weighed teaming up on returns last year By: FOX Business March 18, 2024 at 14:02 PM EDT Amazon and FedEx reportedly weighed teaming up on returns last year. FedEx previously had a business relationship with Amazon. The contract expired in 2019. Amazon and FedEx reportedly weighed teaming up on returns last year.The companies engaged in talks early last year but didn’t ultimately emerge with a partnership in place, The Wall Street Journal reported Monday, citing a person familiar with the matter. The companies talked about FedEx retail locations taking Amazon returns, according to the outlet. CLICK HERE TO READ MORE ON FOX BUSINESS"We are always open to having commercial conversations when approached with an opportunity by current or potential customers," a FedEx spokesperson told FOX Business, noting that the talks are a normal course of business. "As a reminder, we still do business through Seller Fulfilled Prime and Marketplace."Amazon did not respond to FOX Business' request for comment.FedEx previously had a relationship with Amazon that included a deal to make U.S. ground deliveries. That contract ended in 2019, as previously reported by FOX Business.Amazon ships billions of packages every year and also receives millions of returns, according to the Journal.The e-commerce giant uses UPS and other companies to help deal with the packages from orders that customers want to send back, the outlet reported. As part of its efforts with returns, Amazon also lets customers take their returns to participating Kohl’s and Staples locations.CERTAIN AMAZON RETURNS AT UPS STORES COME WITH FEEUPS moved in late October to further capitalize on returns by acquiring Happy Returns in October. The company works with merchants on "frictionless, no-box, no-label returns."In 2023, U.S. retailers experienced a 17.6% rate of return for online merchandise, the National Retail Federation and Appriss Retail found in a survey. That equated to roughly $247 billion.GET FOX BUSINESS ON THE GO BY CLICKING HERE Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Amazon, FedEx reportedly weighed teaming up on returns last year By: FOX Business March 18, 2024 at 14:02 PM EDT Amazon and FedEx reportedly weighed teaming up on returns last year. FedEx previously had a business relationship with Amazon. The contract expired in 2019. Amazon and FedEx reportedly weighed teaming up on returns last year.The companies engaged in talks early last year but didn’t ultimately emerge with a partnership in place, The Wall Street Journal reported Monday, citing a person familiar with the matter. The companies talked about FedEx retail locations taking Amazon returns, according to the outlet. CLICK HERE TO READ MORE ON FOX BUSINESS"We are always open to having commercial conversations when approached with an opportunity by current or potential customers," a FedEx spokesperson told FOX Business, noting that the talks are a normal course of business. "As a reminder, we still do business through Seller Fulfilled Prime and Marketplace."Amazon did not respond to FOX Business' request for comment.FedEx previously had a relationship with Amazon that included a deal to make U.S. ground deliveries. That contract ended in 2019, as previously reported by FOX Business.Amazon ships billions of packages every year and also receives millions of returns, according to the Journal.The e-commerce giant uses UPS and other companies to help deal with the packages from orders that customers want to send back, the outlet reported. As part of its efforts with returns, Amazon also lets customers take their returns to participating Kohl’s and Staples locations.CERTAIN AMAZON RETURNS AT UPS STORES COME WITH FEEUPS moved in late October to further capitalize on returns by acquiring Happy Returns in October. The company works with merchants on "frictionless, no-box, no-label returns."In 2023, U.S. retailers experienced a 17.6% rate of return for online merchandise, the National Retail Federation and Appriss Retail found in a survey. That equated to roughly $247 billion.GET FOX BUSINESS ON THE GO BY CLICKING HERE