Daily Archives: March 28, 2011
Retailers want to sell you gadgets, buy them back later, and then sell them again
Isn’t this what is commonly referred to as a lease?
Rogers said that brick-and-mortar retailers increasingly feel threatened by online commerce and are strategizing ways to keep consumers coming through the doors. Best Buy’s program, for one, requires customers to come into the store to sell back products.
“The brick-and-mortar, big-box retail store is experiencing some difficulty these days,” said Rogers. “It’s real easy to buy online, so these buyback programs are really a great way to get you into the store.”
Under Best Buy’s program, the consumer who buys a gadget pays an upfront fee, which varies on the type of product, to participate and is guaranteed a resale price of 10 percent to 50 percent of the item’s original price. Most gadgets, except for televisions, have to be sold back within two years to qualify for a resale. Televisions have a four-year window for re-sale.
Best Buy then resells the products through its outlet center, through other online channels, or recycles them. Read more…
I actually laughed at those commercials when they first came out. The person is there with their brand new piece of electronic equipment that they just bought, and they see an ad for the next model of electronic equipment that effectively makes theirs obsolete. Obsolescence is not non-functional…the equipment still works, but it is no longer the latest. This is going to happen no matter what. Until we get programmable matter or claytronics this will be a fact of electronic life. If, like me, you tend to use your electronics until they either break or are no longer able to run the programs out there you want them to, then the inevitability of obsolescence won’t really bother you. If obsolescence does bother you then programs like the one at Best Buy are good news.