- FedEx Corp FDX has launched FedEx Consolidated Returns in the U.S., a solution that offers a low-priced, easy e-commerce returns option that merchants can pass on to shoppers.
- The expanded solution, which will be launched in early 2023, is facilitated through supply chain services offered by FedEx Logistics and FedEx Office.
- Shoppers who purchased from participating merchants can drop off the items they wish to return at approximately 2,000 FedEx Office locations.
- The returned items will then be consolidated with other returns from various merchants, saving materials and space.
- "While this solution will provide a low-priced returns option for merchants, it's also a simple, convenient process to help retailers deliver a shopper-friendly experience," said Ryan Kelly, VP, E-Commerce & Retail Marketing, FedEx Services.
- Price Action: FDX shares are trading higher by 1.62% at $175.11 on the last check Monday.
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