Starting next week, you can take your old video games to Wal-Mart and get store credit for them. According to Carl Howe, Vice President of Research at the Yankee Group, it’s a smart move for the superstore.
“I think what the retailers have found is that there’s a very robust secondary market for games. They’re expensive enough and the demographic that buys games is young enough that they’re pretty cost sensitive.”
The used game market in the US is worth more than $1.5 billion, which is not great news for game publishers. Companies like GameStop and Best Buy, however, have deep roots in the used game market.
Wal-Mart does have size on its side. Its hired an outside company to handle refurbishment of the old games that come in, and plans to start selling them at Wal-marts by the end of the year.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.