This is but one of the furniture company's many ways to become a "fully circular and climate positive business by 2030."
The Swedish furniture giant IKEA plans to buy back people's old home furnishings in a push for recycling. Next month, the company will launch its "Buy Back" scheme so customers can bring in their unwanted Billy bookcases and certain other pieces from their furniture lines. In exchange for their old pieces, customers will receive vouchers worth up to 50 percent of the original price. These vouchers can be spent at IKEA stores. The firm cleverly planned the launch of their scheme to coincide with Black Friday, the hallmark celebration of fast fashion, consumerism, and capitalism. The offer will run in 26 countries other than the United States, BBC News reports.
Ikea says it wants to fight “excessive consumption” with a new program that buys back used furniture from customers. The initiative starts in Britain next month and will be available in 26 other countries — but not the U.S. https://t.co/5GIAI8PAgr— The New York Times (@nytimes) October 14, 2020
IKEA stated, "By making sustainable living more simple and accessible, Ikea hopes that the initiative will help its customers take a stand against excessive consumption this Black Friday and in the years to come." The company was referring to November 27, when retailers across the world will offer high discounts on their products. While customers who return products in stellar condition with no conditions, that is, those marked "as new," will get 50 percent of the original price back in IKEA vouchers. "Very good" items with minor scratches will fetch coupons worth 40 percent of the original price, and "well used" furniture pieces will get coupons worth 30 percent.
Swedish retailer IKEA '...will offer to buy back thousands of pieces of used IKEA furniture in 27 countries, for resale, recycling or donation to community projects, AP reports. #CircularEconomyhttps://t.co/JU7oQrGMg6— Sweden.se (@swedense) October 14, 2020
To receive these coupons, customers must log their items. They will then be given an estimate of their value. Finally, the items must be handed over, fully assembled, to the returns desk where they will be checked. This is when the final value will be agreed upon. The offer is applicable on items typically without upholstery, such as the famous Billy bookcases, chairs, stools, desks, and dining tables. According to IKEA, anything that cannot be resold will be duly recycled. The program is bound to bring up some interesting finds; the Swedish firm first began producing furniture in 1948 and some items have become collectibles over the years. In fact, auction websites carry a number of IKEA designs from previous decades. Some of these items are on sale for thousands of dollars.
Ikea to buy back used furniture in recycling push https://t.co/vafgGN4TKS— BBC Business (@BBCBusiness) October 13, 2020
IKEA, which hopes to become "a fully circular and climate positive business by 2030," will soon have dedicated areas in all their stores where customers can return their old furniture and find repaired or refurbished furniture. The firm has already been testing out furniture reselling in Edinburgh and Glasgow for over a year now. Earlier this month, they announced that they plan to open 50 stores worldwide, adding to the 445 stores they currently run.
IKEA is offering to buy back unwanted furniture from customers, which it will then resell in stores as secondhand https://t.co/vSeDRHGpew pic.twitter.com/GdRq7PMywI— Reuters (@Reuters) October 13, 2020