Michaels Cos. Inc. said Monday that 1,100 of its stores will now serve as pick-up and drop-off points for United Parcel Service Inc. packages. In total, Michaels has 1,200 stores in the U.S. and Canada. Customers can have packages routed to their local Michaels store for delivery, and can ship returns from one of the arts-and-crafts stores. A similar program, through a partnership between Kohl's Corp. and Amazon.com Inc. , allows customers to send Amazon returns through Kohl's locations. Experts say it's a cost saver for Amazon and a traffic driver for Kohl's. Michaels stock has sunk 39% over the past year, UPS shares have inched up 0.2%, and the S&P 500 index has gained 2.3% for the period. Read More...
Michaels Cos. Inc. said Monday that 1,100 of its stores will now serve as pick-up and drop-off points for United Parcel Service Inc. packages. In total, Michaels has 1,200 stores in the U.S. and Canada. Customers can have packages routed to their local Michaels store for delivery, and can ship returns from one of the arts-and-crafts stores. A similar program, through a partnership between Kohl’s Corp. and Amazon.com Inc. , allows customers to send Amazon returns through Kohl’s locations. Experts say it’s a cost saver for Amazon and a traffic driver for Kohl’s. Michaels stock has sunk 39% over the past year, UPS shares have inched up 0.2%, and the S&P 500 index has gained 2.3% for the period.
Add Comment