Apparently we didn’t like a lot of our Christmas presents. UPS says it’s expecting to handle 5 million more holiday returns this year compared to a year ago. The delivery giant says it will handle up to 70 million returns from Nov. 20 to Jan. 21st, up from 65 million last year. UPS’s forecast outpaces what the retail industry is expecting – a little changed return rate compared with a year ago of nearly 18%.
Disney fans are getting a few breaks, thanks to the first major changes being made by CEO Robert Iger since returning to the company in November. Effective immediately, holders of annual passes to Disney World will be able to visit the theme parks during afternoon hours without making a reservation. The company will also offer free parking to guests staying at Disney-owned hotels at Disney World, and will open up nearly two months’ worth of days eligible for the lowest-priced admissions package.
Futures are flat after stocks posted strong gains yesterday. The Dow Industrials rose 186, the Nasdaq added 107 and the S&P 500 gained 27.





