Ikea Prolongs Product Lifecycle with Furniture Leasing Option

Ikea will begin leasing furniture as a trial initiative in Switzerland. Customers can rent pieces of furniture for a set period until it is no longer needed; the retailer will then refurbish the pieces and keep them in circulation and prolong their lifecycle, which means less waste and more recycling, according to Torbjorn Loof, chief executive of Inter Ikea, owner of the brand (via the Express).

Businesses will have the option to lease office furniture; homeowners can even borrow entire kitchen units, with the option of swapping them out for different colors and designs.

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Source: Environmental Leader