Ikea pilots online buyback for secondhand furniture in Spain, Portugal

Ikea will test an online buyback service for used furniture in Spain and Portugal before year-end, with a UK rollout contingent on success. The move extends its in-store buyback program to a wider audience, capitalizing on the booming pre-owned homewares market, which Ikea projects will reach 16% of UK sales by next year. This signals growing corporate focus on circular economy models, though financial impact remains modest.