To increase its appeal among discount shoppers, Best Buy is expanding its outlet strategy with more products and services. The new outlets will offer services like same-day delivery and curbside pickup, and even have a Geek Squad center for tech support. A survey of Best Buy customers revealed that 16% of customers had never bought anything from the store before, and 37% had not shopped there in the past year. Taking these numbers into account, the company is making more of its stores available to discount shoppers.
Open-box products
Open-box products are items that have been purchased and returned but are still in their original packaging. These items may be new or have been in a store for a period of time, but they may still be in good condition and carry a full manufacturer’s warranty. If you are looking to save money on electronics, you may consider open-box products. These are usually floor models and returned goods that are no longer in use.
Although open-box prices are generally non-negotiable, you may be able to negotiate the price on discontinued items with the store manager. Old items are negative on the profit statements, which determines bonus eligibility. Managers typically want to get rid of old items to free up floor space for other products. Therefore, it’s worth negotiating the price. When in doubt, don’t be afraid to shop around!
Refurbished products
While the Best Buy Outlet may have a high price, you may still find a great deal if you’re willing to buy refurbished products. This store’s policy allows customers to buy used goods for less than their retail price. Refurbished items often come with a warranty, though the terms vary. For example, refurbished electronics may not be covered by warranties for new products. However, clearance items may come with a warranty of some kind.
The main difference between refurbished and new items is the amount of work and care that went into repairing them. This is important because you’ll be paying less for a brand-new device. While refurbished products may have some cosmetic defects, you’ll get a working model for a much lower price. While refurbished products require more care and work, they can be an excellent way to save money on the latest gadgets.
Pre-owned products
The Best Buy Outlet sells clearance and open-box items for serious savings. Hundreds of items are offered at up to 50% off. Most clearance products come with warranties from the manufacturer, while refurbished products are available without the original box. Pre-owned products from Best Buy often come with a limited Best Buy warranty, but a return policy is still in place. You should always check the details of a product before buying it.
You can find pre-owned electronics at the Best Buy Outlet, including computers, televisions, and home appliances. The store sells electronics that have been returned by customers, discontinued by manufacturers, and used as in-store displays. Open-box items are tested by the company’s “Geek Squad” for proper functioning. Most of these products still carry a manufacturer’s warranty, but you can also purchase additional warranties to ensure quality.
