IKEA’s Take-Back Service Lets Owners Recycle Their Furniture, Contributing To Circular Economy
To reduce waste and incentivize recycling, IKEA is offering shoppers a chance to return unwanted furniture for store credit, and selling it at a discounted price
IKEA is joining the push for a circular economy by reselling its used furniture through its new Take Back service in Australia. Customers can now take their unwanted pieces in to exchange for store credit, after which it will be resold for a reduced price.
IKEA prices the used item as the same amount that was given in credit to the previous owner. Similar to Northface’s refurbished-clothes online store, which consists mostly of returned items that have been restored and sold at a discount, IKEA’s initiative aims to reduce waste and foster a more effective economy.
In a similar venture, the home-goods retailer also opened a Circular Living Pop-Up store in Tempe to promote recycling and sustainability, featuring products made with recycled and renewable materials. Overall, the Take Back service increases the company’s revenue, attracts bargain shoppers and provide incentives for people to recycle their furniture rather than throw it away by offering them credit.
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