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I wonder what Cabelas does with all the junk guns that they get back if they don't send them back to Pietta?
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They probably get destroyed.
If they're workable but just not perfect, they probably go into a local Bargain Cave. If they're truly junked, then Cabela's will request credit from Pietta, and Pietta can request the return of the guns. But most companies don't actually ask for the stuff back unless it's really high-value.
If the company doesn't take it back, the vendor destroys it. They no longer own it - they've been credited by the manufacturer - so selling it or otherwise releasing it would be illegal.
I've been in some Wal-Mart returns centers - where all the crap the stores get in returns that isn't resaleable ends up. Some manufacturers send reps to look through the stuff that's getting deducted to make sure it's on the up-and-up, but most just let the vendor junk it.