FedEX to Roll Out 500 More Stores Inside Walmart
The new locations, to open over the next 24 months, are going to be in addition to the 47 stores inside Walmarts across six states that offer packing, shipping and printing services.
Brian Philips, chief executive of FedEx Office, told Reuters in an interview the company spent a lot of time looking at the types of customers visiting these facilities.
“What we found was that 88 percent of customers who come to our location are there to do business with us but over half of them are doing business with the retailer as well. They are buying something at Walmart while they are there,” Philips said on the sidelines of Shoptalk, a retail conference in Las Vegas.
He also said the move is a significant part of FedEx’s strategy to handle returns of items that were ordered online as the company has witnessed orders from retailers triple in volume.