This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

More Consumers Are Choosing To Buy Refurbished Products To Be Environmentally Responsible And Save Money, According To Liquidity Services Survey (Apr. 2014). (Graphic: Business Wire)

Liquidity Services, Inc. (NASDAQ:LQDT), a global solutions provider in the reverse supply chain with leading online marketplaces for surplus assets, today announced the results of a recent survey. According to the survey, 94% of those polled have purchased a refurbished product in the past three years. Additionally, 41% of respondents buy refurbished because they consider themselves to be sustainable consumers.

The survey, administered by Liquidity Services in March 2014, received 1,407 responses from consumers who shop in its B2C marketplaces and channels, including, representing a large market of consumers who shop online regularly for products. This is one of the first surveys conducted to understand consumer perspectives on shopping for refurbished products online.

“We have found that consumers are overwhelmingly receptive to purchasing refurbished products,” said Rob Caskey, Vice President of Marketing, Retail Supply Chain Group, Liquidity Services. “Our research also indicated that consumers understand that buying refurbished is environmentally friendly. By buying refurbished or surplus products, consumers are able to extend the life of those products, keep them out of landfills, and save money in the process.”

Additional consumer findings from the survey include:
  • 21% shop online for electronics two to three times a month
  • 80% consider price important when choosing electronics
  • 96% believe that buying refurbished products will save them money
  • 66% of those likely to purchase refurbished electronics believe that refurbished electronics work as well as new products
  • 74% of those likely to purchase refurbished products feel that they meet their needs without paying more
  • 84% who have purchased refurbished products have been satisfied with product functionality and with the price paid for the value received
  • 81% would recommend buying refurbished products to their family and friends

Liquidity Services recommends that consumers who choose to buy refurbished products consider the following tips as they shop online:
  • Detailed product information should be included – Consumers can be clear on what they are buying by understanding the condition of the product and the features and accessories included.
  • Listing should have product photos – Visuals of the product can expand upon the product description and help customers ensure they are purchasing the right item.
  • Variety of shipping options should be available – Consumers typically want to save money in secondary markets; it’s important to ensure affordable shipping options.
  • Look for a warranty – Warranties can be available on certain types of refurbished goods and help ensure that consumers receive a quality product.

In addition to its B2C marketplaces and channels, Liquidity Services’ marketplace,, primarily serves small business buyers who resell surplus or refurbished products, allowing more consumers to access goods in a sustainable way. For more information about Liquidity Services, visit

About Liquidity Services, Inc.

Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies, and buying customers the world's most transparent, innovative, and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $4.4 billion of surplus assets in over 500 product categories, including consumer goods, capital assets, and industrial equipment. The company is based in Washington, D.C. and has more than 1,300 employees. Additional information can be found at:

Photos/Multimedia Gallery Available:

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TSLA $224.75 -3.30%
YHOO $37.40 3.90%
AAPL $94.01 -1.20%
GOOG $695.70 0.48%
FB $118.06 0.54%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs