Retail giant Ikea UK launches buy-back scheme to reduce landfill waste

Retail giant Ikea UK launches buy-back scheme to reduce landfill waste

by Pranali Mehta

Ikea, the renowned Swedish furniture brand and one of UK’s biggest furniture retailers, has reportedly launched its much-awaited buy-back as well as re-sale scheme in an effort to lower the number of products heading to landfill.

This move is part of Ikea’s sustainability drive to become climate positive by year 2030. Consumers would get vouchers to spend instore if products they no longer want are returned back in good condition.

The retail giant revealed that the scheme was a learning curve, however it decided to introduce it regardless based on a number of successful trials across various cities.

The scheme was initially scheduled to launch in November 2020 but was delayed due to the COVID-19 pandemic. But now it is available in all Ikea stores across the UK. The scheme is also being introduced in 26 other countries where Ikea functions.

Used items, returned in as good as new condition, with no scratches anywhere, would be purchased for 50% of the original cost, whereas products with miniscule scratches would be purchased for 40%. Furniture which is well used and has numerous scratches would be purchased for 30%.

The products would be sold in separate parts of the stores, although the retail giant has also announced a novel partnership with Gumtree to sell all second-hand items through the online market.

Items eligible for buy-back include desks, dining tables, small tables, bookcases & shelf units, cabinets, and dressers.

Ikea has already claimed that the firm wants to become completely circular, remove waste through the continuous use of materials by 2030. Ingka Group, the retail giant’s parent firm, announced recently that it will invest nearly €4 billion in renewable energy.

Consumers wishing to sell back furniture could go to the Ikea.co.uk website to fill out an online form, which creates a preliminary offer, following which they can take the products to a store.

The service of buy-back is available across all of Ikea’s full-sized stores nationwide, not including order & collection points in Tottenham Court Road, Aberdeen, and Norwich. The service would be launched in Belfast and Reading on May 17th, 2021.

Source credit: https://www.bbc.com/news/business-56981636

 

Pranali Mehta

A chemical engineer by qualification, Pranali Mehta dutifully walked down the slated path and worked in a chemical firm for a year. Her passion for writing however, pushed her into experimenting with the same as a career. With over three years of experience in content writRead more...