STUDY: 63 Per Cent of Canadians Have Bought Refurbished, Open Box or Traded in Technology in the Past Year, Driven by Cost, Environmental Impact, and Product Value
Best Buy Canada released a study finding that 63% of Canadians bought refurbished, open box, or traded-in technology in the past year, with Gen Z adoption reaching 71%. Cost savings remain the primary driver, with refurbished products offering approximately 40% off retail prices and open box items around 28% off, making newer models more accessible.
Key figures
- Open box savings pct
- 28%
- Refurbished savings pct
- 40%
- Gen z recirculated adoption
- 71%
- Canadian recirculated adoption
- 63%
- Parents traded in or considered
- 84%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.