Ikea is growing its resale business. It's attracting bargain hunters and design nerds.
Ikea is expanding its furniture buyback and resale program to all U.S. stores by September to cater to budget-conscious and design-focused consumers. The initiative allows customers to trade in used furniture for store credit, promoting a circular economy.
Why it matters
The expansion reflects a broader retail trend toward sustainability and the growing consumer demand for affordable, secondhand goods.
Next month, Ikea will expand its buyback and resell program to all US stores. Ikea Ikea has bought back about 53,000 items through its secondhand division over the past five years. The Swedish retailer is expanding the buyback program to all US stores in September. The program appeals to price-savvy shoppers as well as design lovers , Ikea told Business Insider. Your old Ikea bookshelf is part of a growing secondhand market. Ikea has spent five years growing its buyback and resell division, which pays customers for their old Ikea-brand furniture in store credit and resells it at the chain's stores. In September, buyback and resell will be available in every full-format US Ikea store when the retailer starts offering the option at its Brooklyn store, said Bryan Walker, country product quality manager for Ikea US.
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