Ikea pilots U.S. furniture buyback plan as it eyes nationwide start

An Ikea retailer in the SouthBay Pavilion browsing mall in Carson, California, U.S., on Wednesday, April 21, 2021.

Bing Guan | Bloomberg | Getty Illustrations or photos

Ikea is piloting a home furnishings buyback and resale system in the United States as it aims to make the support a long lasting fixture at its shops nationwide.

The pilot software will be readily available at its keep in the Philadelphia suburb of Conshohocken from Monday through Sept. 19. It will eventually roll out to supplemental marketplaces.

Ikea has released repurchase applications in other nations, which include the United Kingdom as it performs toward generating its business enterprise more sustainable and “weather optimistic” by 2030.

Loyalty prospects will be equipped to provide their gently made use of Ikea household furniture in exchange for store credit rating. The products will then be accessible for resale in the retailer’s “as-is” portion at discounted rates. Any purchaser can sign up for the loyalty application for free.

Thoroughly-assembled home furnishings will be assessed primarily based on its issue, age and features, but some classes of merchandise like dressers will not be qualified for the plan.

“We are passionate about building sustainable dwelling simple and affordable for the quite a few, and want to be element of a foreseeable future that is far better for the two people and the planet,” said Ikea sustainability manager Jennifer Keesson.

Additional shops are responding to client need for much more sustainable solutions, which are extra common with more youthful generations. In recent months, Hole, Macy’s, J.C. Penney and J.Crew’s Madewell manufacturer have partnered with resale platform ThredUp to test the secondhand market.

Piper Sandler’s spring 2021 Gen Z survey uncovered that 47% of teenagers have procured secondhand products and 55% have sold secondhand. The study also confirmed that teenagers allocate 8% of their purchasing time to secondhand purchases. The semiannual survey gathered benefits from more than 7,000 adolescents with an typical age of 16.1.

Though considerably of the desire has been for secondhand outfits, Ikea hopes this conduct can transfer into home furniture.

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