Tweeter Launches iPod Trade-In Program Powered by NextWorth; Tweeter Customers Receive Instant Store Credit When They Trade-In iPods at Any Tweeter Store
While Tweeter will implement the iPod trade-in service, the company has partnered with NextWorth to execute the program. As founder of the web-based The Great iPod Exchange (TM), NextWorth has a strong history of providing a reliable and valuable iPod trade-in service via the Internet. Its traditional virtual offering will now be complemented by Tweeter's 'bricks and mortar' service.
“We're extremely pleased to extend The Great iPod Exchange (TM) to a premiere retailer like Tweeter. Together we are providing a valuable new service to their customers.”
"Our iPod trade-in program reflects our desire to offer our customers a hassle-free way to capture the current value of their iPods and apply it to new technologies or products they're shopping for," said Jonathan Magasanik, vice president and general merchandise manager for Tweeter. "We accept a customer's iPod in just about any condition, inspect it and award the customer credit - on the spot."
Tweeter's iPod Trade-in service powered by NextWorth is quick and easy. Customers simply bring in their iPod to any Tweeter store and a Tweeter sales associate will use NextWorth's iPod calculator to provide a Trade-in Value for the iPod. The customer will then receive instant credit towards a new iPod or any of the other cutting-edge home and mobile entertainment products available at Tweeter. The value of the customer's iPod is commensurate with its condition and its demand in the marketplace.
"NextWorth is known for its easy iPod trade-in service," said Dave Chen, CEO of NextWorth. "We're extremely pleased to extend The Great iPod Exchange (TM) to a premiere retailer like Tweeter. Together we are providing a valuable new service to their customers."
Tweeter Home Entertainment Group, Inc. (NASDAQ: TWTR) was founded in 1972 by current Chairman Sandy Bloomberg. Based in Canton, Massachusetts, the company is a national specialty consumer electronics retailer providing home and mobile entertainment solutions. The company's fiscal 2005 revenues were $795 million. Tweeter has been named a "Consumer Electronics Retailer of the Year" by Audio-Video International every year since 1979. Tweeter Home Entertainment Group, Inc. now operates 153 stores under the Tweeter, hiFi buys, Sound Advice and Showcase Home Entertainment names in the New England, Las Vegas, Texas, Southern California, Mid-Atlantic, Chicago, Southeast, Florida and Phoenix markets. The company employs more than 3,200 associates. Further information on the Tweeter Home Entertainment Group can be found on the company's web sites at www.twtr.com and www.tweeter.com.
Needham, Mass.-based NextWorth Solutions, Inc. is a leading provider of after-market value exchange programs for consumer electronics. NextWorth helps people Stop Depreciation(TM) by facilitating the sale and trade-in process for today's leading products. NextWorth offers a turnkey trade-in program for retailers, providing their consumers an opportunity to capture the value of their current model when trading-up to new technologies or products. For more information, please visit www.nextworth.com.