Ikea has launched a furniture repurchase program


IKEA Chief Sustainability Officer Pia Heidenmark Cook (IKEA, iStock)

IKEA Chief Sustainability Officer Pia Heidenmark Cook (IKEA, iStock)

Do you have an old Billy library or a Poang chair to get rid of? The good news: Ikea will take them back, no questions asked.

The Swedish giant will launch a buyback program on November 24 to coincide with the traditional Black Friday in the US retail market, Reuters reported.

Customers who sell furniture back to the company will receive a voucher that they can use in the future, the value depending on the condition of the returned goods.

The furniture will have to be returned completely assembled and will be resold at discounted prices; if the item cannot be resold, it will be donated.

IKEA is launching this move as part of its wider effort to become a “fully circular and climate-positive business by 2030,” Reuters said. The company has previously been criticized for being environmentally friendly supply chains.

According to Curbed, the growth in the popularity of cheap flat furniture over the last decade and a half has also coincided with an increase in furniture waste or “f-waste” in landfills.

The timing of program execution is no coincidence; The company said in a press release that it “hopes that this initiative will help its customers stand up to excessive consumption this Black Friday and in the years to come.” [Reuters] – Dennis Lynch

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