Ikea will buy back old furniture in the UK and Ireland
As part of its “buyback” initiative, the Swedish furniture retailer is offering customers in Great Britain and Ireland the opportunity to exchange their old furniture for business vouchers as part of its sustainability push.
Items can be traded in based on their condition, with “like new” items reaching up to 50% of the original price, items in “very good” condition claiming 40%, and “well-used” items making up 30% of the original price, Ikea said Tuesday.
Furniture – including items such as dressers, bookcases, shelves, chairs, and tables – must be fully assembled to be eligible for the offering, which starts November 27th.
The retailer said it is running the program in time for Black Friday and is offering coupons with no expiration dates to address “unsustainable consumption and its impact on climate change.”
“Circulars are a good business opportunity and responsibility, and the climate crisis requires us to radically rethink all of our consumption habits,” said Hege Sæbjørnsen, Country Sustainability Manager at Ikea UK and Ireland, in a statement.
Ikea’s online sales took off sharply during the pandemic when millions of people turned their homes into makeshift schools and offices. The company announced last week that online sales increased 45% in the twelve months to August, driven by 4 billion visits to its website.