Editor's note: Sports Authority has discontinued their sneaker warranty program because it wasn't turning a profit. We discuss this as well as their other warranty programs in a follow-up blog post.
We've all been offered extended warranties on electronics products whether it be cell phones, HDTVs or digital cameras, but what about sneakers?
On a recent trip to Sports Authority, as I was trying on a pair of walking sneakers, the salesperson offered me their so-called footwear plan. He explained that for a small fee, I could purchase an extended coverage plan for my sneaks that would cover scuffs and other wear or tear for one year. Within that time frame, I could simply return my less than perfect footwear to the store and trade them in for a new pair. If the new pair is the same price, there's no additional cost; if they're more expensive, I'd have to pay the difference. I didn't end up making a purchase that day, but my interest piqued, I decided to dig deeper and see what this sneaker warranty was all about.
According to the brochure, the warranty covers "defects in materials and workmanship" including "normal wear and tear" such as "sole separation, seam rips and separation, fabric discoloration or color bleeding and broken fasteners (eyelet)." Prices range from $4.99 to $15.99, depending on the price of the sneakers, for a year of coverage, which starts at the end of Sports Authority's 30-day return policy. Read more