Services
Meet the New FedEx and Walgreens Partnership Ahead of the Holidays
Published:
Last Updated:
FedEx Corp. (NYSE: FDX) and Walgreens Boots Alliance Inc. (NASDAQ: WBA) made a huge announcement on Tuesday that will make it easier for customers to drop off returns at thousands of Walgreens across the United States.
These Walgreens locations will implement FedEx Returns Technology. The rollout will begin in early November, before the peak holiday season.
One new feature of this service will let customers print their return shipping label in a store. Also, any e-tailer using the FedEx Returns Technology platform can send their customer a return code via email that can be taken to a participating Walgreens location. From there, a store associate will print a return label in-store, eliminating the need for the customer to print a label at home and the need for merchants to print and include a return label in every package.
Walgreens is part of the FedEx retail convenience network, which currently offers FedEx pickup and drop-off services at nearly 14,000 retail locations.
Ryan P. Kelly, vice president of Global E-Commerce Marketing of FedEx Services, commented:
With the volume of e-commerce returns growing rapidly, it’s essential that retailers have an easy returns process that meets the expectations of today’s shoppers and carefully minds the growing costs. Shoppers prefer to take their online returns to a physical location, so by expanding FedEx Returns Technology to our broader convenience network with Walgreens, we’re enabling merchants and e-tailers to offer more locations for their customers to bring their returns.
Shares of FedEx traded down over 1% on Tuesday, at $140.02 in a 52-week range of $138.59 to $234.75. The consensus price target is $166.38.
Walgreens traded down 0.6% to $52.44 a share, in a 52-week range of $49.03 to $86.31. The consensus price target is $57.29.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.