In TrendsStock MarketStocks To WatchGold and SilverNSE RebalancingITRUPS signs exclusive deal with TikTok Shop for label-free returns TikTok Shop, launched in the US by the popular social media platform in September 2023, has attracted sellers such as retailers Ulta Beauty and California-style retailer PacSun. Vendors use ads and sponsored influencers to market their products to TikTok users.By Reuters September 29, 2026, 5:10:53 PM IST (Published)UPS on Tuesday, September 29, said it had inked an exclusive deal to provide no-box, no-label returns for the fast-growing TikTok Shop network of US sellers as it competes with rivals like FedEx to provide specialised services that generate more profit than typical e-commerce package deliveries.Parcel delivery firms like UPS and FedEx each have targeted so-called ”reverse logistics” services that help retailers reduce the steep cost of returns, which average 27% of a product’s purchase price, according to Blue Yonder, a returns-management software company. Amazon.com also offers no-box, no-label returns.Total returns for the retail industry amounted to roughly $850 billion in 2025, and nearly 20% of online sales are returned, according to the National Retail Federation.Also read: Cleartrip bets on holiday packages to drive higher-value bookings, build one-stop travel platformTikTok Shop, launched in the US by…
Original source: https://www.cnbctv18.com/technology/
