Woodbridge, New Jersey — July 30, 2015 — Consumers looking to leverage more buying power with their dollars can now turn to GoOpenBox.com, a new website offering deep discounts on overstock and open box merchandise. Built on a model of acquiring products that have been overstocked, returned, or received minor cosmetic damage to the packaging, GoOpenBox acquires that merchandise and offers it for sale through its e-commerce site at a significant savings compared to the original retail price. In addition to openbox merchandise, GoOpenBox also offers returned, refurbished, and some brand new products at prices below that of even traditional overstock stores, such as Big Lots.
While there are many online players offering savings on their own returns and overstocks, such as Amazon.com's Warehouse Deals, the GoOpenBox model acquires those products from a variety of retailers, gathering the best deals together in one convenient location. GoOpenBox has a wide variety of products, including electronics, small appliances, household goods, video games and accessories, tools, and more that leaves them well positioned to compete with other successful online outlet stores, such as Overstock.com.
GoOpenBox.com's success is predicated on the belief that consumers have little time or patience for retail shopping, prefer shopping online, and are willing to purchase items that were deemed unsuitable for sale at retail due to return or damaged packaging in exchange for significant price reductions. The success of eBay, TJMaxx, and other outlet stores indicate that GoOpenBox may well have tapped into a model for which consumers are hungry. To further add to their appeal, GoOpenBox is available via mobile platforms, delivers products in sealed original or brown boxing, and offers free shipping on orders above a certain dollar amount which can vary by state, but typically seems to be $50 or more for most locations.
GoOpenBox states that much of their merchandise comes from retailers who ordered too much stock, items that were returned, or which received minor cosmetic blemishes to the packaging while in transit. In addition, they also offer open box and refurbished products. They purchase from merchants all around the world, including 7 of the top 10 retailers in the U.S. All returns and open box items are fully tested to ensure they are in proper working order, or they are returned to a fully functional state. For consumers who may be concerned about the quality or functionality of purchasing open box items, there is a 30 day guarantee on all products which ensures consumers will be satisfied with their purchases.
– In an economy where consumers demand rock bottom pricing and slashed to the bone discounts, GoOpenBox offers yet another alternative for the cost-conscious consumer. Market trends indicate consumers care less about the packaging and the prestige of brand new items and unblemished packaging from high priced retail entities than they do in maximizing their buying power. Today's consumer wants a deal. If this continues to hold true, then GoOpenBox stands an excellent chance of success.
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