Ikea considering bringing furniture recycling to Canada

WHITBY, Ont. - Ikea is looking at bringing a "take back" program to Canada that would allow customers to trade furniture purchased from the Swedish furniture giant in exchange for store credit.

See Full Article

Under the initiative, mirrored after similar environmentally-friendly initiatives in France and Belgium, the retailer would then resell the second-hand item or recycle it.

"If we can have an impact on people's lives at home, we could have a huge impact on the environment," said Ikea Canada president Stefan Sjostrand at the opening of a pickup and order location in Whitby, Ont.

Sjostrand was part of the team that helped bring the program to France, and says the same could be done in Canada, where Ikea operates 12 stores and three pickup and order locations.

Although he admitted the program could still be years away, once implemented, it would make a big difference for Ikea's environmental footprint if even 10 per cent of its customers returned their old furniture, he said.

Last year, Ikea Canada had 25 million visitors in its stores and 75 million visits online.

The comments come after Steve Howard, the head of sustainability at Ikea, told a conference in January that appetite for home furnishings in western countries has hit its "peak," prompting the world's largest furniture retailer to look at ways to encourage customers to repair and recycle Ikea products.

Sjostrand said Ikea already has recycling programs for plastics, paper, light bulbs and mattresses in place in Canada and was also the first retailer in the country to phase out the sale of incandescent light bulbs in favour of the more energy-saving LED bulbs.

Although it is taking a more planet-friendly approach to commerce, Sjostrand said this does not slow down its plan to open 12 more full-size stores over the next decade. The next location was recently announced in Halifax.

For Ikea, bricks-and-mortar stores are still its largest sales driver, accounting for 80 to 90 per cent of sales last year, with the rest coming from e-commerce. The company recorded $1.8 billion in sales in Canada in 2015.

In addition to its pickup and order points in Quebec City, London and Whitby, Ont., Ikea plans to open three more such shops in the Ontario cities of St. Catharines, Kitchener and Windsor.

These smaller locations allow customers to order items online and pick them up in the store for a flat fee of $20. Various popular items like towels, candles and pillows are also available in the stores for purchase. These stores are around 30,000 square feet versus the 270,000 square feet of a typical Ikea store.

Canada has the most Ikea pickup and order locations out of any country, with the others opened last year in Spain, Norway, Finland and the United Kingdom.



Advertisements

Latest Economic News

  • Why do you need a pet insurance, right here, right now

    Economic 24news
    Many Canadians would consider their pets as a part of their immediate, granular, family. Although some professionals think it’s not healthy, that’s the way life is in the twenty first century; There is a steep decline in the birth rate globally, with Japan leading the pack, and pets are filling in the void.
  • Nova Scotia 'seriously considering' banning plastic bags: environment minister

    Economic CTV News
    HALIFAX -- Nova Scotia's environment minister says he's "seriously considering" a province-wide ban on plastic shopping bags, as the province's biggest municipality grapples with China's decision to halt the import of plastic waste. Iain Rankin says all options are on the table to reduce the use of so-called film plastics, including an outright ban or fee on plastic bags. Source
  • WestJet appeals lost bid to scrap harassment lawsuit by former flight attendant

    Economic CTV News
    VANCOUVER - WestJet (TSX:WJA) has filed an appeal after the Supreme Court of British Columbia refused to throw out a proposed class-action lawsuit that accuses the company of fostering a corporate culture that tolerates harassment against female employees. Source
  • How Toronto stacks up to other cities vying for Amazon's HQ2

    Economic CTV News
    Toronto is one of 20 cities still in contention to be home for Amazon's second North American headquarters. Here are some of the advantages and disadvantages that Toronto has as the only Canadian location on Amazon's short list: Source
  • Canadian auto output fell seven per cent in 2017 despite record sales: DesRosiers

    Economic CTV News
    MONTREAL -- DesRosiers Automotive Consultants estimates that Canadian light vehicle production fell about seven per cent last year even though sales hit a record of more than two million. The automotive expert expects 2.2 million cars and light trucks were built in Canada, a drop of 200,000. Source
  • Husky offshore oil vessel suspended due to iceberg incident

    Economic CTV News
    CALGARY - Shares in Calgary-based Husky Energy Inc. (TSX:HSE) fell by as much as 7.7 per cent on Thursday morning after operations aboard its SeaRose FPSO vessel off the Newfoundland and Labrador coast was ordered suspended by the federal-provincial regulator because of a close call with an iceberg last March. Source
  • CanniMed postpones shareholder meeting to hold talks with Aurora Cannabis

    Economic CBC News
    CanniMed Therapeutics Inc. is postponing a key shareholder meeting to give it time to hold talks with Aurora Cannabis Inc., which has made a hostile takeover offer for the company. CanniMed shares, which were halted earlier in the day pending news, shot up as high as $34.74 after they resumed trading on the TSX. Source
  • BMO pot financing marks policy shift for Canadian banks

    Economic CBC News
    The Bank of Montreal's participation in a major financing deal for licensed marijuana producer Canopy Growth marks a big policy shift for Canada's biggest banks, which may be warming up to the cannabis sector. Canopy, Canada's biggest licensed cannabis producer, announced yesterday that BMO Capital Markets and GMP Securities were leading its $175-million bought deal offering of roughly five million shares. Source
  • 18 months an option for mat leave, but be prepared for lower weekly benefits

    Economic CBC News
    When Ottawa announced changes to EI parental leave benefits last year that will allow new mothers to receive benefits for 18 months, Heather Wilson was excited about the possibility of spending more time with her baby. Source
  • Emirates throws Airbus A380 a lifeline with US$16B deal

    Economic CTV News
    DUBAI, United Arab Emirates -- The Middle East's largest airline, Emirates, is throwing Airbus a lifeline for its troubled A380 jumbo jet. The carrier said Thursday it struck a deal with Airbus to buy 20 of its A380 double-decker jets, with the option to buy 16 more, in a deal worth $16 billion. Source