IKEA, the Swedish home furnishings giant with its U.S. headquarters in Conshohocken, is launching a U.S. furniture buyback and resale program, writes Nadine El-Bawab for CNBC.
The pilot program is currently available at the Conshohocken store and will run through September 19.
After its completion, the company plans to roll the program out to additional markets.
IKEA has launched similar repurchase programs in several other countries, including the United Kingdom, as part of efforts to make its business more sustainable and climate positive by 2030.
As part of the program, loyalty customers can trade gently used IKEA furniture for store credit.
These items will be put up for sale in the discount section of the store. The loyalty program is available to all customers for free.
The fully-assembled furniture brought in by customers will be assessed based on several criteria, including condition, age, and functionality.
Some product categories, such as dressers, will not be eligible for the program.
“We are passionate about making sustainable living easy and affordable for the many, and want to be part of a future that’s better for both people and the planet,” said IKEA sustainability manager Jennifer Keesson.
Read more about the pilot program at CNBC.
Reuters discusses IKEA’s buyback scheme