FedEx to Launch Expanded Consolidated Returns Solution in 2023

Rhea-AI Summary

FedEx Corp. (NYSE: FDX) has introduced FedEx Consolidated Returns in the U.S., providing e-commerce merchants with a low-cost returns solution set to launch in early 2023. This innovation allows shoppers to return items without a box or label at approximately 2,000 FedEx Office locations. The items are consolidated for efficient processing and shipping back to merchants. This initiative aims to enhance customer experience and loyalty while supporting environmental sustainability by minimizing waste. FedEx continues to expand its returns portfolio to meet rising consumer expectations.

Positive

• Launch of FedEx Consolidated Returns offers a low-cost e-commerce solution for returns.
• Enhances customer experience with no box or label required for returns.
• Contributes to environmental sustainability by consolidating returns, reducing waste.

Negative

• None.

Offering provides low-price option to merchants looking for no-box, no-label returns

MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) announced the launch of 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 will launch in early 2023.

No box or label needed with access to approximately 2,000 FedEx Office locations. (Photo: Business Wire)

“As the returns market grows, FedEx continues to explore innovative alternatives for our customers. 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, Vice President, E-Commerce & Retail Marketing, FedEx Services.

FedEx Consolidated Returns 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 – no box or label required– at approximately 2,000 FedEx Office locations. The returned items will then be consolidated with other returns from a variety of merchants, saving materials and space. The items are then processed through FedEx Logistics and sent back to the merchants via a less-than-truckload option.

This marks the latest addition to the growing FedEx Returns portfolio, which also includes printer-less and package-less return options at over 10,000 locations nationwide.

According to data from Forbes*, “consumers now rank in-person box-free returns as the number one preferred method for online returns, while mail-in returns have dropped to the fourth-ranked position. Nearly half of the shoppers surveyed do not have continuous access to a printer that can be used for printing return labels.”

“FedEx Consolidated Returns is another way FedEx is helping merchants build customer loyalty by making the returns process simple and effective. Having a streamlined but low-cost option helps retailers stand out in a competitive market and adds to the overall returns portfolio at FedEx,” said Patrick Super, Vice President, Retail, FedEx Supply Chain.

FedEx Consolidated Returns– Key Points

• FedEx Consolidated Returns is a low-priced e-commerce solution for low weight returns tendered through FedEx Office and consolidated back to merchant via FedEx Supply Chain reverse logistics.
• Value for merchants: lower-cost solution for high-volume returns, end-to-end visibility of return items, helps provide shopper-friendly experience in a competitive e-commerce market.
• Convenience for shoppers: no box or label needed with access to approximately 2,000 FedEx Office locations. Simple return process using a QR code.
• Environmental benefit: may reduce carbon emissions compared to single prepackaged/prelabeled returns as return items are consolidated into one box before being shipped to returns center.

About FedEx Logistics

FedEx Logistics plays a key role within the FedEx portfolio with its comprehensive suite of integrated logistics solutions. The company provides air and ocean freight forwarding, supply chain solutions, customs brokerage, and trade management tools and data from a single trusted source. For more information, visit fedex.com/logistics.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $95 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 550,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

*Forbes, 10/30, Kohan

View source version on businesswire.com: https://www.businesswire.com/news/home/20221212005080/en/

Christina Meek

christina.meek@fedex.com

Source: FedEx Corp.

FAQ

What is FedEx Consolidated Returns and when will it launch?

FedEx Consolidated Returns is a low-priced e-commerce returns solution launching in early 2023, allowing shoppers to return items without a box or label.

How does FedEx Consolidated Returns benefit merchants?

It provides a lower-cost option for high-volume returns, enhancing customer loyalty and offering end-to-end visibility of return items.

Where can shoppers use FedEx Consolidated Returns?

Shoppers can return items at approximately 2,000 FedEx Office locations across the U.S.

What are the environmental benefits of FedEx Consolidated Returns?

The service may reduce carbon emissions by consolidating return items into fewer shipments, minimizing packaging waste.