IKEA is buying back your old furniture in return for money – here’s how it works

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For those looking to refresh their home it seems there’s a very nifty way to do so, courtesy of IKEA.

The store has a new Buy Back initiative happening, which means UK and Ireland stores will buy back unwanted and old IKEA furniture for customers. The furniture bought back will then be resoled in stores as second hand items.

The Buy Back plan is part of IKEA’s desire to become a climate-positive business by 2030, and the popular furniture chain already has a standalone second-hand store in Sweden.

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You’ll be able to reap the rewards of the Buy Back initiative in time for Black Friday on November 27, where you can stock up on home furnishings for a fraction of the price.

Once you’ve sold back your furniture, you’ll get a refund card from the store.

IKEA aim to stand against excessive consumption on Black Friday, through the introduction of their initiative.

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Peter Jelkeby, Country Retail Manager and Chief Sustainability Officer, explains: “Sustainability is the defining issue of our time and IKEA is committed to being part of the solution to promote sustainable consumption and combat climate change.

"With the launch of Buy Back we are giving a second life to many more IKEA products and creating more easy and affordable solutions to help people live more sustainably.

“It is an exciting step forward in our journey towards becoming a fully circular and climate positive business by 2030.”

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How does the Buy Back initiative work?

There are a number of items eligible for Buy Back, including dressers, drawers, display storage and sideboards, small tables, cabinets, dining tables and desks, children’s products, excluding baby items, PAX accessories, multimedia furniture and bookshelves.

Once you’ve sold back your item you’ll then get a refund card with no expiry date, and this is to encourage customers to purchase items only when needed.

The amount on the card depends on the condition of the furniture.

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Furniture received as new, with no scratches, will receive 50 per cent of the original price paid.

Products given back in a very good condition with minor scratches will see you make back 40 per cent of the price, and pieces which are well-used with several scratches will make you 30 per cent back.

You’ll then be able to go in to the store and browse the second hand items in the As-Is Area, which was previously known as Bargain Corner.

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The furniture items which can’t be resold will be recycled.

To sell back your items, you simply have to visit the IKEA website and submit the items for consideration by filling out an online offer request.

You’ll be given a preliminary offer and you’ll then be invited to bring along the assembled products to the Returns & Exchanges desk in your nearest store.

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