Best Buy Used Video Games ##HOT##
(AP) -- Electronics retailer Best Buy Co. said Thursday it is offering store credit in exchange for used video games at nearly 600 of its stores, expanding an online trade-in program that has been in place for about a year. googletag.cmd.push(function() googletag.display('div-gpt-ad-1449240174198-2'); ); The move follows Wednesday's announcement by Target Corp. that it is launching an electronics trade-in program at 850 of its stores later this year. Besides video games, Target will also offer store credit to customers who turn in their mobile phones and iPods.
best buy used video games
Best Buy plans to roll out the trade-in program to the rest of its 1,089 stores by October. The company also said it will start selling used video games in its stores soon, but it provided no specifics. The current trade-in program involves customers mailing in games after filling out forms online.
GameStop Corp., the world's largest video game retailer, has long offered such trade-ins. Selling used games is a big part of its business, and it has helped the retailer appeal to budget-conscious gamers in the recession.
Different video games will fetch different prices, depending on their popularity and other factors. The best-selling "Call of Duty: Modern Warfare 2," for example, will get you $13 to $17, according to Best Buy's online trade-in calculator. Buying the same game, also used, on Best Buy's website will cost you $35. A new game goes for $60.
Sound of Music operated nine stores throughout Minnesota by 1978. In 1981, the Roseville, Minnesota, Sound of Music location, at the time the largest and most profitable Sound of Music store, was hit by a tornado. The store's roof was sheared off and showroom destroyed, but the storeroom was left intact. In response, Schulze decided to have a "Tornado Sale" of damaged and excess stock in the damaged store's parking lot. He poured the remainder of his marketing budget into advertising the sale, promising "best buys" on everything. Sound of Music made more money during the four-day sale than it did in a typical month.
In 1989, the company introduced a new store concept dubbed "Concept II". Concept II replaced dimly lit industrial-style stores with brighter and more fashionably fixtured stores. Stores also began placing all stock on the sales floor rather than in a stock room, had fewer salespersons and provided more self-help product information for its customers. Best Buy also did away with commissioned salespeople. The commission-free sales environment "created a more relaxed shopping environment free of the high-pressure sales tactics used in other stores," but was unpopular with salespersons and suppliers. Upset that their products would no longer be pushed by salespeople, some suppliers such as Maytag, Whirlpool, and Sony stopped selling in Best Buy stores altogether. The suppliers returned after Best Buy's sales and revenue grew following the roll-out of Concept II.
In 1994, Best Buy debuted "Concept III" stores in several new markets including Los Angeles and Washington, DC. Concept III stores were larger than previous stores and included expanded product offerings, "Answer Center" touchscreen kiosks that displayed product information for both customers and employees, and demonstration areas for products such as surround sound stereo systems and video games.
Best Buy sells consumer electronics and a variety of related merchandise, including software, video games, music, mobile phones, digital cameras, car stereos, and video cameras, in addition to home appliances (washing machines, dryers, and refrigerators), in a noncommissioned sales environment. Under the Geek Squad brand, Best Buy offers computer repair, warranty service, and accidental service plans. Best Buy provides an online community forum for members, where consumers can discuss product experiences, ask questions, and get answers from other members or retail product experts.
In 2000, two Florida consumers brought a lawsuit against the company, alleging that it engaged in fraudulent business practices related to the sale of extended warranties (or, more accurately, service plans). The suit claimed that store employees had misrepresented the manufacturer's warranty to sell its own Product Service/Replacement Plan and that Best Buy had "entered into a corporate-wide scheme to institute high-pressure sales techniques involving the extended warranties" and that the company used "artificial barriers to discourage consumers who purchased the 'complete extended warranties' from making legitimate claims." The company ultimately settled for $200,000, but admitted no wrongdoing.
In the second quarter of 2007, Connecticut Attorney General Richard Blumenthal ordered an investigation into the company's use of an in-store website alleged to have misled customers on item sales prices. In December 2007, the Los Angeles Times reported on the same issue, in which some customers claimed they thought they were surfing the Internet version of bestbuy.com at an in-store kiosk only to learn that the site reflected in-store prices only. In response, company spokesperson Sue Busch indicated the in-store kiosks were not intended for price-match purposes and rather were a means to navigate in-store availability. Since the initial investigation, a banner was placed on the in-store site to make its customers more aware of the difference.
GameStop is an amazingly profitable company, and those profits are due largely to the margins the company enjoys on used game sales. When GameStop gives you $15 to $20 for a game that has been out a mere week, then sells the same game for $45, they're making money that no retailer selling new games can match; new games have a very thin profit margin for retailers. Which is why it is surprising to see Best Buy make its new game prices competitive with GameStop's used game prices.
Soon after the Best Buy story hit the Internet, Kotaku was given a copy of a flier from GameStop that showed some amazing price cuts on a wide selection of used games. Don't be confused if you haven't seen this sale at your local store; it seems to be localized around... wait for it... West Jordan, Utah.
The games on sale are newer titles, with an additional $10 or $15 knocked off GameStop's normal prices for used games. It doesn't take a cynic to realize that Game Stop is hoping customers flood Best Buy locations with the flier, demanding price-matched new copies of these games. And if gamers go into GameStop locations to take advantage of the sale, the company still wins; the margins on GameStop's used games are so high that it can afford to run this sale and turn a profit, while forcing Best Buy to lose money on each game it sells at these prices.
GameStop doesn't have to buy its games from a distributor; the retailer has a huge base of loyal customers who are more than happy to turn over games for low trade-in amounts, giving GameStop a margin that can be as high as $30. Best Buy has to be wondering if the buzz is worth selling games below cost.
It's doubtful, since both companies are fighting in such a way that their bottom lines are compromised. Best Buy may not be ready to turn its entire new game inventory into a loss-leader, and GameStop loves its high-margin used games. The gaming retailer is likely hoping that its counter-attack will make Best Buy skittish about trying this tactic in other markets, and there may be room to dump used prices further in case the message wasn't strong enough. Once Best Buy kills its promotion, GameStop kills its sale.
Competition has begun to heat up in the used-game business this year, as specialty retailer GameStop has seen its empire challenged by the likes of big-box shops, such as Wal-Mart and Best Buy. Both retail giants introduced game trade-in kiosks in test markets that let consumers drop off their used wares. Once the game is determined to be functional, Wal-Mart customers would receive a payout to their credit cards, while Best Buy gamers would be offered in-store credits.
Now, it appears as if Best Buy is testing out a way to more aggressively undercut GameStop's used game business. As spotted by a Cheap Ass Gamer forum user, Best Buy has introduced a new price matching initiative that lets gamers buy new games at the same price that GameStop and Game Crazy are selling them used.
The PlayStation 5 launched in November 2020, and most retailers have been consistently sold out of both the $500 PS5 and the $400 PS5 Digital Edition ever since. With the PlayStation and Xbox platforms offering similar graphics capabilities (at least on paper) at similar prices, the reasons to choose a PlayStation over an Xbox revolve mostly around which games you want to play and how you want to play them.
If there are any items on your shopping list, now's the time to grab them, because Amazon's Prime Early Access Sale is coming to an end soon. Today is the last day. The event rivals Amazon Prime Day, Black Friday, and Cyber Monday. Although, the deals we've seen have been similar to all of the Prime Day deals from earlier this year. From the perspective of an Amazon Prime member, the Amazon Prime Early Access Sale is meant to be the start of the holiday shopping season, giving you a big head start.One of the most popular items during Prime Day was the gaming chair, which is a must-have item for gamers of all ages. If you plan to spend your free time enjoying your favorite games online with your friends, you'll need the right chair to ensure your back and spine are protected. Many gaming chairs have already turned up at great prices as part of Prime Early Access. Other retailers are also joining the fun, like Walmart with its October Rollbacks event, which is basically a Walmart Prime Day sale in disguise.We've compiled a list of our the best Prime Day gaming chair deals to shop today, which you can check out below. 041b061a72