United Parcel Service Inc. UPS, +0.48% said Thursday that it forecasts a record National Returns Day, with 1.9 million returns expected, up 26% from last year. National Returns Day is on Jan. 2, 2020. This will be the seventh consecutive record National Returns Day due to growing e-commerce activity, according to UPS. Amazon is offering one free return for the holiday season on millions of items, an expansion of an existing program. Shares of UPS have climbed 23.1% over the past year while the S&P 500 index SPX, +0.35% have gained nearly 31% for the period.
2019-12-26 14:39:00Z
https://www.marketwatch.com/story/ups-forecasts-record-19-million-returns-on-national-returns-day-2019-12-26
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