This year, IKEA will be introducing its first-ever used furniture store to Sweden’s ReTuna mall, which puts the Swedish retailer on track to meet its goal of going totally circular by 2030. The new secondhand store will fit right in at the mall, as it is a retail complex made up of resale stores. At this new location, consumers will be able to find previously owned furniture pieces and refurbished home goods.
Already, many IKEA store have implemented bargain sections with refurbished returned items and since online marketplaces always have secondhand furniture and decor listings, this new concept store from IKEA will make it easier for consumers to get high-quality, trusted goods directly from the retailer.
Used Furniture Store Concepts
IKEA's Concept Sells Previously Owned Furniture & Refurbished Goods
Trend Themes
1. Used Furniture Retail - There’s a disruption opportunity for retail stores to add a secondhand department as a sustainable and cost-effective alternative for consumers.
2. Circular Economy - There’s a disruption opportunity for companies to integrate subsidiary business units focused on the repair and resale of their used products.
3. Refurbished Goods Retail - There’s a disruption opportunity for retail stores to open dedicated refurbished goods departments in order to increase sales volumes and create a more sustainable business model.
Industry Implications
1. Furniture Retail - Retail chains can redesign their business models to offer more cost-effective options for their customers, which will reduce production costs and increase margins.
2. E-commerce - Online marketplaces can build out their business models to capture more of the used goods market and create a more sustainable environment for citizens worldwide.
3. Waste Management - Companies can leverage the trend towards circular economy by focusing on the repair and resale of used goods and thus, minimize waste while opening new revenue streams.