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08/30/2021

Ikea Launches Resale Program

Ikea is joining the growing throng of retailers entering the resale space with its own buyback program.
Ikea buyback

The Swedish retailer is piloting a buyback and resale program at Ikea Conshohocken in Pennsylvania, with the intent of rolling it out to other stores in the future. The very limited buyback program will run from Aug. 30 to Sept. 19, 2021, enabling customers to sell back their gently used Ikea furniture for store credit. Ikea will then list those items for sale as-is.

Resale, or recommerce, programs are gaining steam in the retail industry, with several major brands launching their own programs and marketplaces over the last year. Not only does recommerce enable companies to cash in on the resale value of their products, brands can also file these programs under their corporate sustainability goals.

Ikea’s pilot is only available for fully assembled and functional furniture, and Ikea will review items based on age, condition and functionality. Recalled items will not be accepted. 

The retailer plans to make the buyback program permanent after doing its pilot tests.