The Canadian division of consumer electronics retailer Best Buy (NYSE: BBY) will be partnering with recycling company Greentec to offer customers a way to recycle used electronics by bringing them to Best Buy locations throughout Canada.The new service will be offered at no cost to consumers and is already functioning in all 48 Canadian Best Buy locations as of late last week. Customers are able to bring in electronics like MP3 players, cellular phones, portable DVD and CD players, batteries and ink cartridges, among other items.
Although Best Buy already accepts some of these items for recycling in its U.S. stores, it would be wise to implement a standard recycling program in all Best Buy locations worldwide. If it can do this, the company will have another trump card in its pocket to shine over the competition. Yes, you're being looked at now, Circuit City (NYSE: CC).
Best Buy is making it incredibly easy to get rid of all that outdated and worn electronics gear in a world that increasingly wants to see more eco-sustainability from manufacturers, retailers and consumers. The recycling of batteries alone is a huge step forward, but all the nasty chemicals that can be released into the environment from discarded electronics make recycling a requirement. Once again, Best Buy appears to be leading another area sensitive to consumers.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
Add your comments