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KEH is Opening a Brick-and-Mortar Location in Atlanta

KEH, the camera re-commerce company known as one of the largest online resellers of cameras and photography equipment, has announced it is opening a new brick-and-mortar retail store in the Atlanta area. The company plans to hold a grand-opening celebration on November 5 and 6.

The company has been in business since 1979 and previously operated a Midtown Atlanta retail location. However, the company says that in recent years, it had shifted focus primarily to its online business. But now as more camera stores across the country started closing their doors for good, KEH Camera says that it feels the need for a physical location to cater to what it describes as the dynamic photographic community that it had seen a rise.

The company’s President and CEO, Jon Safran, looked to address this void by creating a space where photographers can get their hands on gear while having the opportunity to speak about it with experts and fellow camera lovers.

“KEH is committed to providing the photography community at large with high-quality, certified pre-owned camera gear, or as we call it—gear with soul,” says Safran. “Especially for our local Atlanta market, we wanted to go beyond what everyone else is doing, and offer up a place for photographers to meet up, share ideas, and exchange gear in a space that is unlike traditional camera stores. A place geared to offer the best possible service—which is exactly what we would want, because, after all, we’re photographers too.”

The company says the new storefront will serve its overall goal to better support the photography community by offering direct access to the entire 60,000-plus items in its online inventory. The retail space will also serve as a location to pick up those online orders, drop off repairs, as well as a place for customers to sell or trade-in their old gear. In short, KEH's Atlanta location will operate as a near-perfect replica of its online experience, except with all the benefits of an in-person experience.

The new KEH store is set to open its doors on. November 5 at 10 AM at 5080 Highlands Parkway SE, Suite B in Smyrna, Georgia.

Image credits: All photos provided courtesy of KEH.

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How to Buy Used and Refurbished Cameras and Lenses

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Used Camera Retailer MBP Raises $69M to Expand its Business

The used camera market is booming if a recent cash investment of £49.8 million (~$69 million) that MBP.com just raised is any indication. The company claims to "recirculate" about 300,000 pieces of equipment a year and expects to pass $139 million in revenue in 2021.

The latest funding round, classified as a Series D as noted by TechCrunch , was led by Vitruvian Partners with participation from current investor Action Capital, Mobius Equity Partners, Beringea, and FJ Labs. The Brighton-based online used goods retailer says it plans to use the investment to expand into more markets and extend its marketplace -- MBP currently has offices in Brooklyn and Berlin in addition to its home base of Brighton -- to serve a wider range of content creators.

In total, MBP has raised about $91 million since it was founded in 2011 with the lion's share of that coming in this most recent round. It has declined to state its valuation, but this particular investment is the largest ever for a startup out of Brighton.

“This funding round is a major milestone for MPB, culminating a decade of strong performance and a vision to make great kit accessible and affordable,” Matt Barker, the founder and CEO of MBP, said in a statement. “With the backing of Vitruvian Partners and those reinvesting in our business, we can accelerate our US and European growth strategy at scale, profitably. Photography and videography are intrinsic to societies and cultures all over the world, and at MPB we have created a circular model that offers everyone the chance to be visual storytellers and content creators in a way that’s good for the planet.”

The entire used goods market has apparently been booming amidst the pandemic as people are cleaning out their homes to make room for the work-from-home landscape and make a little bit of money as a bonus. This apparently has extended to the very specific niche of content creation devices such as cameras and photographic equipment, the market in which MBP specializes.

MBP's success isn't one that exists in a vacuum either. At the end of 2020, KEH published a blog calling it a "banner year" for the organization, a rarity when so much of the global economy was in shambles.

"It seems that word has finally spread to the masses that buying brand new is played out, and that buying used is where it's at. And that's certainly music to our ears—when it comes to used gear, we've been the standard-bearers since 1979," the company wrote in a blog.

With the resurgence of film and because used equipment is always more cost-effective than buying new, the success of KEH and the jump in value to MBP isn't that hard to believe.

Image credits: Header image licensed via Depositphotos.

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