Ikea will buy back your old furniture on Black Friday

Swedish fast-furniture chain says it’s a sustainability effort

TRD NATIONAL TRD WEEKEND EDITION /
Oct.October 17, 2020 12:00 PM
IKEA Chief Sustainability Officer Pia Heidenmark Cook (IKEA, iStock)

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

Got an old Billy bookcase or Poang chair to get rid of? Good news: Ikea will take them back, no questions asked.

The Swedish giant will begin a buy back program on November 24 to coincide with what is traditionally Black Friday in the U.S. retail market, Reuters reported.

Customers who sell furniture back to the company will get a voucher to use in the future, with the value based on the condition of the item being returned.

Furniture will have to be returned fully assembled and will be resold at discount prices; if an item can’t be resold, it will be donated.

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

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

The timing of the program’s launch isn’t a coincidence; in a press release, the company said it “hopes that the initiative will help its customers take a stand against excessive consumption this Black Friday and in the years to come.” [Reuters] — Dennis Lynch


Related Articles

arrow_forward_ios
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
Eugene Diaz, Edwin Cohen, Tatsuyuki Yasuno, and the building

Pharma firm signs 332K-sf lease in what appears to be NJ’s biggest office lease of the year

Pharma firm signs 332K-sf lease in what appears to be NJ’s biggest office lease of the year
KBS sells Florham Park office buildings for $311M

KBS sells Florham Park office buildings for $311M

KBS sells Florham Park office buildings for $311M
The Home Depot in Lodi

Home Depot-anchored property trades for $53M in Lodi

Home Depot-anchored property trades for $53M in Lodi
Greenwich office and retail complex trades for $67M

Greenwich office and retail complex trades for $67M

Greenwich office and retail complex trades for $67M
Concept plans for 'The Halo' at 289-301 Washington Street and Meridian Capital Investment's David Schechtman - provided by Meridian Capital Investments/ Minno Wasko

Developer seeks $40M for Opportunity Zone site in downtown Newark

Developer seeks $40M for Opportunity Zone site in downtown Newark
Gosman's Dock in Montauk

This East End icon might finally be closing in on a sale

This East End icon might finally be closing in on a sale
Another day, another big development deal in New Rochelle

Another day, another big development deal in New Rochelle

Another day, another big development deal in New Rochelle
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...