The company is pursuing its eco-friendly and affordability goals with a trial rental service in Switzerland, letting customers return used furniture to be refurbished and leased

Swedish home goods retailer IKEA will be expanding its business model to include a furniture leasing program. Set to debut in the brand's Swiss market, the rental service is part of the company's push toward a more circular business model as well as its initiative to continue enhancing its affordability and accessibility to more customers.

IKEA will take leased and returned furniture from customer to refurbish and sell again, and is also looking to eventually sell spare parts for furniture that is no longer in stock—helping customers repair their goods for better sustainability. All of these initiatives are intended to reduce waste and help to promote mindfulness in customers.

The company stated that its suppliers and factories released 3.4 million tons of carbon dioxide equivalents in 2016, and that its goal is to reduce that figure by 80% by 2030. Next steps for IKEA's circular business plans could be leasing entire kitchens, further heightening convenience, sustainability and affordability.

IKEA


Lead image: stock photos from Hadrian/Shutterstock

Swedish home goods retailer IKEA will be expanding its business model to include a furniture leasing program. Set to debut in the brand's Swiss market, the rental service is part of the company's push toward a more circular business model as well as its initiative to continue enhancing its affordability and accessibility to more customers.

IKEA will take leased and returned furniture from customer to refurbish and sell again, and is also looking to eventually sell spare parts for furniture that is no longer in stock—helping customers repair their goods for better sustainability. All of these initiatives are intended to reduce waste and help to promote mindfulness in customers.