Nearly two million gifts will hit the airspace today, but unlike the rush of the past few weeks, this time the packages aren't destined for loved ones. That's how many improperly sized, non-working, and generally unwanted packages are expected to be returned to businesses.

UPS told Cheddar that the company expects to ship 1.9 million gifts and items back to retailers and e-commerce sites on "National Returns Day" Thursday, up 26 percent from last year.

The company expects customers had returned one million packages daily during the month of December, with the peak for returns landing on the day after New Year's.

Dawn Wotapka, a spokesperson for UPS, added that for the shipping company, "Anything that involves us processing packages is a good thing."

But businesses on the other side of online shopping may be hit harder than UPS today. The unofficial day of gift-returning will cost retailers in lost sales and shipping costs.

According to a Mastercard report last week, holiday sales increased 3.4 percent this year, particularly online, where sales grew 18.8 percent compared to last year.

Share:
More In Business
Disney content has gone dark on YouTube TV: What you need to know
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
Load More