IKEA is launching a new “Buy Back” initiative as part of its aim to become “a fully circular and climate positive business by 2030.”
Under the plan, customers will get vouchers to spend at IKEA stores, the value of which depends on the condition of the furniture they are selling back.
Customers with “as new” items, with no scratches, will get 50% of the original price. “Very good” items, with minor scratches, will get 40% back and “well used”, with several scratches, will get 30% back.
IKEA says the initiative will launch on Black Friday and vouchers will have no expiration date.
“By making sustainable living more simple and accessible, IKEA hopes that the initiative will help its customers take a stand against excessive consumption this Black Friday and in the years to come,” it said in reference to Nov. 27, when lots of retailers offer big discounts on their products.
IKEA said that anything that cannot be resold will be recycled or donated to charity.