- Light fog
Make sure to BOOKMARK THE PAGE for Tuesday's event to get the best live stream video coverage and blog updates: http://bit.ly/15QILAD
BENTONVILLE, Ark. -- Walmart Stores Inc. is launching a smartphone trade-in program later this month that will help consumers trade up to the newest phones available.
The world's biggest retailer said Tuesday that consumers will receive a credit from $50 to $300 when they trade in their working, undamaged phone. The credit can be used toward the purchase of a new phone, with a selection of more than 100 devices to choose from. This includes some smartphones with prepaid plans.
Walmart said that consumers can receive $300 credit for an Apple iPhone 5, $175 for a Samsung Galaxy SIII and $52 for a Samsung Galaxy S2.
Phones can be traded in at the electronics departments of more than 3,600 participating Walmart stores and Sam's Club locations in the U.S. Consumers will need to enter a two-year contract for the new phone with AT&T, Verizon Wireless or Sprint.
Steve Bratspies, executive vice president of general merchandise for Walmart U.S., said in a statement that trade-in programs are becoming more popular as new devices launch more frequently and that shoppers are using the trade-in programs that will give them the biggest credit for their current phone.
The program starts on Sept. 21.
Walmart Stores, based in Bentonville, Ark., has 10,995 stores in 27 countries. It had fiscal 2013 sales of about $466 billion. Its shares finished at $73.51 in in trading Monday. Its shares have fallen from a 52-week high of $79.96 per share on May 15. Its shares fell as low as $67.37 on the last day of 2012.
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Beating out major competition from Apple and Microsoft, Google took top honors from Time Magazine this week in its list of top gadgets of 2013.
On Monday, the social network released the topics, people and life events that its users discussed the most in 2013.
The Newborn-to-Toddler Apptivity Seat from Fisher Price is a bouncy seat with all the traditional elements: Dangling toys, pillows and...apps?
Eight major technology companies have joined forces to call for tighter controls on government surveillance, issuing an open letter Monday to…
A couple married for just three weeks lured a man to his death with a Craigslist ad because they wanted to kill someone together, police said.
Whether you're looking for something thin and light, or want a tablet that performs like a laptop, there's plenty to choose from if…
Instead of traditional investors, crowdfunding campaigns are funded by the general public. Websites allow people with ideas to make their…
BP's strategy after the Deepwater Horizon tragedy: Go deeper.
Security experts say passwords for more than 2 million Facebook, Google and other accounts have been compromised and circulated online, just…
A team at the university is working to develop an "intuitive exoskeleton" that can read the human brain and help people with…