Walmart announced today that, as of March 26, it will begin accepting video game trade-ins at 3100 stores nationwide, as well as online.
Store credits will be given for game trade-ins. These store credits may be used to purchase anything sold at Walmart or Sam’s Club stores and online. No cash option is offered.
Walmart’s trade-in program will work in conjunction with CExchange Inc., which will refurbish the games. Walmart will begin offering the used games, which will be labeled as “Certified Pre-Owned”, for sale later this year.
Values for games will be based on console, game title, and age of game. Games will also be evaluated for damage and then a trade-in value will be offered to the customer.
According to Duncan Mac Naughton, Walmart U.S. chief merchandising and marketing officer:
“Gaming continues to be an important business for us and we’re actively taking aim at the $2 billion pre-owned video game opportunity. When we disrupt markets and compete, our customer wins. They’ll save money on video games and have the flexibility to spend it however they want.”
The Wall Street Journal reports that video game retailer GameStop is most likely to be affected by the new Walmart trade-in program, since used products made up nearly one-fourth of its sales in the most recent quarter. The NPD group, which tracks retail sales, says that used game sales in America alone were at $1.6 billion dollars in 2013.
Gamers, will you trade in games at Walmart, and buy used games there? Let us know in the comments.