Logitech Expands Availability of Refurbished Devices, Offering High-Quality, Affordable Tech for Work and Play
Rhea-AI Summary
Logitech announces expanded availability of refurbished devices through eBay Refurbished brand store in the US and Logitech websites across North America and Europe. The initiative offers certified refurbished products including mice, keyboards, tablet accessories, gaming gear, and Bluetooth speakers at reduced prices. All refurbished items undergo rigorous testing, come with required accessories, manuals, and warranty. Products mainly originate from open-box returns or previously owned items restored to like-new condition. This expansion aligns with growing consumer interest in secondhand shopping, particularly among younger shoppers, offering both cost savings and environmental benefits through e-waste reduction.
Positive
- Expansion into refurbished market creates new revenue stream
- Access to growing secondhand market, particularly among younger demographics
- Additional sales channel through eBay partnership
- Potential for higher margins through refurbished sales
Negative
- Potential cannibalization of new product sales
- Risk of refurbished products competing with primary product lines
News Market Reaction 1 Alert
On the day this news was published, LOGI declined 0.78%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Logitech Certified Refurbished devices officially debut on eBay Refurbished brand store
LAUSANNE, SWITZERLAND and SAN JOSE, CA / ACCESSWIRE / November 11, 2024 / Logitech International (SIX:LOGN)(Nasdaq:LOGI) announces the expanded availability of refurbished devices. A full range of products for work and play, including mice, keyboards, tablet accessories, Logitech G gaming gear and Bluetooth speakers, are now available on the Logitech eBay Refurbished brand store in the US and Logitech websites across North America and Europe. Refurbished products are increasingly popular, with consumers looking for alternatives to buying new. High-quality refurbished devices not only reduce electronic waste, but also provide an opportunity for people to access premium technology at a reduced price.
Secondhand shopping is expected to grow, particularly with younger shoppers enthusiastic about buying across various categories, including electronics. According to a recent Conference Board study, the initial appeal of buying a product for a lower cost is immediately rewarding, but it's the thrill of ‘thrifting' for unique items that has become a purchase driver and a smart, trendy option. Savvy shoppers are giving refurbished devices a second chance at an increasing rate.
"Consumers can be key partners in the transition toward a waste-free circular economy of the future," said Sacni Leon, Head of DTX Operations, Returns & Asset Recovery at Logitech. "Our refurbished program offers a ‘like-new' alternative for an affordable price. As part of our commitment to reduce waste and extend the life of products, Logitech's Certified Refurbished program supports our community's increased interest in finding that sweet spot of saving money and reducing waste."
Logitech and Logitech G refurbished products undergo rigorous testing and quality checks, ensuring they meet high standards of performance and reliability. All refurbished products include the required accessories and manuals provided with new products, all fully restored and ready to deliver an exceptional experience. Plus, they have a warranty from the date of purchase.
Many Logitech refurbished products originate from open-box returns from retailers, or have been previously owned, but restored to a like-new condition. Before returning a product to the marketplace, it is inspected by a third party and meets approved criteria.
"Consumers are increasingly choosing refurbished products to get the technology they love for less while helping reduce harmful e-waste going to landfill. As part of the continued growth of our Refurbished programme, we are very excited about the launch of the official Logitech branded store." - Kumaran Adithyan, General Manager, Global Electronics and Home, eBay.
Logitech and Logitech G Certified Refurbished devices are now available through the Logitech brand store on eBay Refurbished. They can also be purchased through Logitech.com or LogitechG.com. Shoppers can choose from various products, including mice, headsets, mobility solutions, and gaming gear.
About Logitech
Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating and gaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech and its other brands, including Logitech G, at www.logitech.com or company blog.
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Editorial Contacts:
Marie Perriard, Head of Sustainability Communications - USA mperriard@logitech.com
Ben Starkie, Corporate Communications - Europe +41 (0) 79-292-3499
View additional multimedia and more ESG storytelling from Logitech on 3blmedia.com.
Contact Info:
Spokesperson: Logitech
Website: https://www.3blmedia.com/profiles/logitech
Email: info@3blmedia.com
SOURCE: Logitech
View the original press release on accesswire.com
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