In the past 30 days, Target has been quietly selling used iPods, video-game consoles and TV sets on its website.
Just click on the "Electronics" tab at Target.com and go to the "pre-owned electronics" section to find a modest selection of merchandise that has been returned or refurbished. Among the deals: iPod nanos, videos and shuffles as well as a 56-inch Toshiba HD DLP projection television. Video-game consoles were sold out.
It's just a test, and the company hasn't decided whether to continue, executives said Tuesday as part of a third-quarter earnings conference call with investors.
Target still provides a 90-day return policy with the used products, and promotes the items as having "a little tech TLC" from a third-party or manufacturer-authorized inspector.
The effect on the bottom line is very small, executives emphasized.
CEO Bob Ulrich said the idea for reselling used electronics "was born out of the fact that a substantial portion of returned merchandise is in perfect working order."
JACKIE CROSBY
As you read this blog entry, angel investors and start-ups are flocking to Madison, Wisconsin for the annual Wisconsin Early Stage Symposium and the Mid West Health Care Venture forum.
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