However, while this is great for the consumer who is looking for the latest and greatest, the introduction of new products creates a dilemma for retailers - How do you get rid of the remaining stock of old models, previous customer product returns, and newly-repaired service items taking up valuable space in their warehouses and store shelves? This is even more of a concern now that the economy has taken a decisive downturn; more of "last year's" products are still on the shelves.

This is where the annual Spring clearance sales come in. One category of clearance item that pops up this time of year is the "Refurbished" product.