Ikea to pilot online buyback service for secondhand furniture
Service to be tested in Spain and Portugal this year, with a UK rollout if successful, as pre-loved markets boom Ikea is to test an online version of its…
The Guardian reports: Service to be tested in Spain and Portugal this year, with a UK rollout if successful, as pre-loved markets boom Ikea is to test an online version of its buy-back service where the retailer offers vouchers for unwanted secondhand furniture.
The service will be tested in Spain and Portugal before the end of December and will be launched in the UK if it proves successful.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include UK, Spain and Portugal.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- UK, Spain, Portugal, Ikea
- Section
- Business
- Figure cited
- The online version will extend it to a much wider audience, with Ikea predicting pre-owned goods are likely to grab 16% of the UK homewares market by next… (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
Related Stories
Froyo's made a comeback. But at £12 a tub will it last?
Frozen yoghurt, which was a huge craze in the 2000s and 2010s, has made its return with multiple chains popping up across the wider UK.
UK risks being 'uninvestable' if new oil and gas fields not approved, warns Equinor
Equinor warns it may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved.
Chancellor plans major intervention to help poorer UK households with rising energy bills
Exclusive: Officials working on further radical changes that would change how much energy companies could charge customers John Healey is planning a…
Greek prime minister vows to ‘ramp up’ efforts to regain Parthenon marbles
Kyriakos Mitsotakis says his UK counterpart, Andy Burnham, has been supportive of restitution efforts in the past The Greek prime minister has vowed…
EU negotiators head to China hoping to curb cheap imports of hybrid electric cars
Mood in trade talks said to have changed as EU member states harden demands for protection against Chinese imports EU trade negotiators are heading…
US stock market hits all-time high as investors continue to bet on AI
The benchmark S&P 500 is up 14 percent this year despite elevated oil prices and US government debt sell-off.
Incredible or catastrophic? Jaguar unveils its polarising electric car
Two years after JLR relaunched Jaguar into a blizzard of controversy, it has launched its new EV.
David Ellison denies he has ‘politicized’ Skydance despite close Trump links
Ellison admits ‘good relationship’ with administration in remarks to reporters about newly merged media company David Ellison, the chief executive…