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by neurobashing
60 days ago
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one thing to note (I didn't see it in the article or the comments as of this moment) but a thing that happened a lot with eg LL Bean was, people were buying old Bean stuff from yard sales and so on, then returning it for a new one, under the lifetime warranty. The implicit "customer for life" cycle was thus broken, and they were giving all-but-free stuff to people who had little intention of ever buying new. |
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Look at the implicit assumptions we're supposed to make in the story you shared, like there was some point in time when people decided to start abusing the policy, necessitating the change. Like people cared about new ll bean so much they'd scour garage sales and do the return fraud. Like they hadn't built this margin into their product to begin with. Like they didn't have a dozen other ways to address these trends, if they were actually happening. (like restricting the policy to original purchasers, requiring you to have a receipt, tracking it themselves, etc)
It really seems like hogwash if you think about it critically. They just wanted to expand their margins, simplify bookkeeping, etc.