Ikea is offering customers up to half the original price of their furniture if they recycle in-store using their buy back scheme. Customers will be reimbursed in Ikea vouchers worth 50% of the original price of an item if it is in like-new condition; items in used but good condition will be bought back for 40% of the original price, and items with decent wear and tear will be brought back for 30% of the original price. Items that cannot be resold will be recycled for free. Prices will be ascertained in store, but customers can get estimates via the Ikea online calculator.
The ‘Buy Back’ scheme will begin on Black Friday, November the 27th, as Ikea makes the move to a more circular business model whereby materials are either reused or recycled. The company is also introducing a new vegan alternative to their popular meatball dish and investing over £2.9 billion into their sustainability efforts to become carbon neutral by 2030.
The UK retail manager, Peter Jelkeby, has noted that “Sustainability is the defining issue of our time and Ikea is committed to being part of the solution to promote sustainable consumption and combat climate change. With the launch of Buy Back we are giving a second life to many more Ikea products and creating more easy and affordable solutions to help people live more sustainably.”
With the climate crisis in full force, more and more companies are now beginning to make the shift from the fast-fashion, impulse-buying culture to a more circular and sustainable economy.
Have you heard about the German pop-up department store that sells only recycled items? Find out more here!