More evidence that the era of big box retailers is over

Major economic bellwether UPS reported mixed results this morning, but saw strength in online retail sales.

 

In fact, the company attributed much of its growth in the U.S. to a surge in online sales.

“Daily volume for deferred products jumped 9.9% and UPS Next Day Air volume climbed 5%, driven primarily by on-line retail growth,” the company said in its earnings announcement. “Increases in revenue per piece produced by higher base rates and fuel surcharges were mostly [...]