Best Buy to Sell CE Products on eBay April 5, 2004 -- Minneapolis -- Best Buy has launched two outlet stores on eBay. The first, a Best Buy branded outlet store, offers consumer electronics and computing products to consumers nationwide. The second, Best Buy's first regional outlet store on eBay, offers select scratch-and-dent and returned products to consumers in the North Virginia / Washington, D.C. area. "eBay represents a powerful new distribution channel for Best Buy. Establishing a virtual outlet store on eBay helps us sell excess inventory while allowing us to acquire new customers," said Allen Lenzmeier, president and chief operating officer of Best Buy. The Best Buy Outlet on eBay features new-in-box products, including computers, computing peripherals, consumer electronics and accessories. Customers can purchase these products in a variety of auction and fixed price formats and have them shipped directly to their homes. At checkout, customers have the option of buying additional related accessories and extended service plans. Customers buying on the Best Buy Outlet pay for shipping. The Best Buy Regional Outlet offers returned products and scratch-and-dent appliances and large televisions. Products sold on the Regional Outlet can be shipped to the customer for a fee or picked up at a Best Buy regional distribution facility. Other Regional Outlet locations are expected to be opened over the course of the next year. Best Buy employees are not permitted to bid or buy on either outlet site.
