Archive for March, 2011

Recommerce Embracing Opportunities Amidst Movie Gallery, Borders & Blockbuster News

Ron McCardle, dvdhunt.com

It was a very busy year for me and my family.  We moved twice–don’t get me started on how much I hated moving a family of seven twice in one year–and I was busy with keeping my home.  Things have settled down where I can continue to pursue my life-long dream of becoming a published author.

Just to catch up with the world of recommerce, always looking to turn negatives into positives, online recommerce is embracing opportunities arising from both a tough economy and an industry-wide decline in brick and mortar retail CD, DVD and book sales.

Physical Media is doomed… You may have heard by now that Borders Books has just filed Chapter 11 bankruptcy planning to close 200 of their stores and restructure itself to attempt to remain viable in the market.  This comes as e-book sales are rising at a rate high enough for the New York Times Book Review to begin featuring bestseller lists accounting for the sale of e-books.

On the heels of Movie Gallery and Hollywood Video’s liquidation in 2010, Blockbuster Video has started its bankruptcy sell-off process in the wake of its internet-based competitor, Netflix’s success, after first attempting a Chapter 11 restructuring.

CNN Money reported that CD sales dropped from $14.3 billion to a mere $6.3 billion between 1999 and 2009.  Just six months after their report, Best Buy announced late in 2010 that they would be taking even more of its retail space away from CDs and DVDs to make way for more Video Games, netbooks and tablets, (see the full details at DailyFinance.com.)

Retailers are looking for other opportunities… Brick and mortar retailers of books, DVDs and CDs are finding it increasingly difficult to support the overhead associated with a retail shop.  If you were watching the Super Bowl on Sunday you most likely saw the new Best Buy commercial featuring a very funny Ozzy Osbourne and a very out of place Justin Bieber.

This unlikely duo interrupted my taquito eating Super Bowl commercial time to tell me about Best Buys exciting new buy back program. Wow, what a novel idea! Who knew you could trade in old stuff for new stuff, old stuff for cash, or old stuff for store credit? Do you see where I’m going with this?

Not to be outdone by Best Buy, Radio Shack announced this week that they will be starting their own buy back program. Us folk here at dvdhunt.com are glad to see that the rest of the world is catching on to the idea of reCommerce. We’ve been well aware of it and for several years now and we’re happy to see the word is spreading.

Now a days it seems silly to actually throw something away. Items can be resold, donated, refurbished, or reCommerced. Though we at dvdhunt.com are primarily focused on CDs, DVDs, Books, and Video Games, we’re still part of a community and economy that tries to recycle items rather than let them end up in landfills. We didn’t invent recommerce, but we sure do take responsibility for furthering it. It’s kind of fun to know the big corporations are only a couple years behind us.

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