The Clap
Logistic giants FedEx (NYSE: FDX) and UPS (NYSE: UPS) may be set for a busy holiday season, forecasts expect record sales during the coming quarter.
What
The National Retail Federation expects 8 million more shoppers than last year, the highest level since 2017.
Some large retailers have recorded strong earnings for Q3, an indicator of steady demand in the build-up to the holiday season.
So What
Despite the steady demand, many retailers will still be looking to offer discounts and promotions to shoppers in order to offload inventory.
Now What
FedEx and UPS have prepared for the holiday season, as they make adjustments to operations to cater to increasing demand.
