Re:Stores weigh paying you not to bring back unwanted items
by ivegotnoaccount on Thursday July 07, 2022 @01:31AM
(#32010255)
Wait, they accepted to refund a broken, 7 years old product ?
How was this policy not abused to the point of killing the company ?
Re:Stores weigh paying you not to bring back unwanted items
by tshaddox on Thursday July 07, 2022 @02:27AM
(#32010589)
I believe Costco will cancel (and refund) a membership at their own discretion. I’ve read stories online that they have cancelled memberships for clearly exploiting return policies, as well as other things like grossly mistreating warehouse employees.
Re:Stores weigh paying you not to bring back unwanted items
by genocidicbunny on Thursday July 07, 2022 @04:08AM
(#32011159)
Yep, exactly this. Costco is willing to eat a few people abusing the system in return for those sweet sweet membership profits, but if you start to seriously abuse the system they have zero problem kicking you out.
I saw this happen first-hand while I was waiting in line to renew my membership. There was a man in front of me in line who from what I overheard of his conversation with the manager was returning something like his 5th tv in a year. The manager gave him his refund and then rescinded his membership and had the man walked out of the store.
Re:Stores weigh paying you not to bring back unwanted items
by bombcar on Thursday July 07, 2022 @10:01AM
(#32014217)
The secret sauce: Costco sent that TV back to the company who sold it, and deducted the value from the next invoice.
If Samsung, etc didn't like it, Costco would drop them as a vendor real fast. So the merchants would eat it. Apparently it got bad enough that they stopped eating it.
What it was to prevent was lifetime free warranty and upgrades. Buy a laptop, use it for 3 years, come back and say "I don't like it anymore.", get your money back, buy new laptop with upgraded specs... repeat.
And before you think this is theoretical, when I worked there we had a guy return a TV. It was a ~7 year old rear-projection TV that was bought before the 90 day policy was implemented. It had died well out of warranty.
So he returned it, got his ~$4k back, walked out on the floor and grabbed a $2k LCD and went home with a brand new LCD TV and $2k in his pocket in exchange for his 7 year old broken TV.