Top
10°

Best Buy US CFO: Used Video Games 'Strategically Interesting'

Consumer electronics retailer Best Buy says that it views the used games market as "a strategically very interesting business".

In June the company announced that several of its stores would begin testing automated kiosks that purchase used games and then issue vouchers redeemable for a Best Buy gift card, and the company now appears keen to step up its efforts in the market.

Ryan Robinson, senior vice president and the chief financial officer for Best Buy's US unit, told Dow Jones Newswires (via the Wall Street Journal): "What I think is something that we've missed in the industry and is something other participants have been doing is the proportion of business that is used. We've not developed the capability to the extent that other participants have. It's a very margin-rich portion, so I think there's opportunity in that business."

Read Full Story >>
online.wsj.com
The story is too old to be commented.