CeX

CeX Ltd.

Type	Private (Ltd)
Industry	Retail
Founded	Tottenham Court Road, London, United Kingdom (1992)
Founder(s)	Robert Dudani Paul Farrington
Headquarters	Watford, Hertfordshire, United Kingdom
Key people	David Butler (CEO) David Mullins (Chairman)
Products	Electronics, Music, Mobile Phones, DVDs and Games
Website	http://www.webuy.com/

CeX Ltd. is a second hand goods chain based in the United Kingdom specialising in technology, computing and video games. It was established in 1992 in London, and has since grown to have over 200 stores in the UK. CeX used to go under the name Computer Exchange but switched to CeX. CeX stands for Complete Entertainment Exchange.

History

CeX was founded by Paul Farrington^[1] and Robert Dudani^[2] and the first CeX store opened on London's Tottenham Court Road in 1992.^[3] In recent years, the "CeX" name has moved away from "Computer eXchange" into an acronym for "Complete Entertainment Exchange"^[3] company letterheads state "CeX LTD is trading as CeX Entertainment Exchange". The company now has over 300 stores worldwide including over 220 stores in the UK, 15 stores in the USA, 28 in Spain, 11 in Ireland, 12 in Australia and 13 in India.

CeX trading

CeX is a privately owned company. In 2005, CeX began issuing licences for franchising.^[4]

As a second hand retailer, CeX trades with customers offering either cash or a voucher for redemption in any CeX store. A customer will typically receive around 50% cash and 65% exchange of the retail value of the item. Some premium and new release items CeX will offer close or sometimes higher than the as new retail value of the product. CeX offer a 12-month warranty subject to terms on all of the second hand products the company sells.

Customers are able to trade remotely with CeX through use of the company's online operation.

References