Popular now
Ocado confirms job losses amid £150m cost-cutting drive 

Ocado confirms job losses amid £150m cost-cutting drive 

Angling Direct FY revenues rise 13.8% to ‘record’ £103.9m

Angling Direct FY revenues rise 13.8% to ‘record’ £103.9m

EG Group to exit French market in debt reduction move

EG Group to exit French market in debt reduction move

Ikea trials furniture leasing

Ikea trials furniture leasing

On this episode of Talking Shop we are joined by Guy White, Founder of Catalyx. After a decade leading global portfolios, Guy launched Catalyx to fix a "broken" innovation process using behavioural science and AI. We discuss uncovering hidden consumer tensions, why traditional focus groups are failing retailers, and how to prove premium value in a competitive market. We also explore the courageous decisions leaders must make to stay relevant.

Register to get 2 free articles

Reveal the article below by registering for our email newsletter.

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Swedish furniture retailer, Ikea, has announced it has begun trialling an environmentally-friendly leasing scheme in one of its Swiss stores.

Alongside the trial, Ikea has introduced programmes which will see waste reduced, with customers returning old beds and sofas which are then donated to charity by the Swedish retailer. Ikea said the new schemes came as the retailer was looking for new ways to allow customers to “buy, care for and pass on products”.

The leasing plan is set to be the first in a series of new Ikea offerings, which will see customers subscribing to services such as refurbishing.

Inter Ikea CEO Torbjorn Loof, said: “We will work together with partners so you can actually lease your furniture. When that leasing period is over, you hand it back and might lease something else. And instead of throwing those away, we refurbish them a little and we could sell them, prolonging the life cycle of the product.”

The Inter Ikea group, named after the company’s founder Ingvar Kamprad, currently controls the brand rights of the furniture retailer.

Previous Post
Liberty London ‘could be sold for £300m’

Liberty London ‘could be sold for £300m’

Next Post
Co-op to launch first franchise store scheme

Co-op to launch first franchise store scheme

Secret Link