Young consumers say they want to minimize their impact on the environment
KAARST, Germany — IKEA will expand tests to allow customers to rent desks and sofas rather than buy them as it shifts away from selling low-cost disposable furniture in response to growing environmental concerns.
“Testing out opportunities for leasing offers is one of the ways we are challenging ourselves to deliver on our transformation strategy,” said Jesper Brodin, chief executive of Ingka Group, which owns most IKEA stores.IKEA’s move towards supporting a more circular economy comes as many young consumers say they want to minimize their impact on the environment, preferring to rent items ranging from clothing to cars.
IKEA, which had global sales of 39 billion euros last year, said it wants to develop subscription-based leasing offers to encourage products to be reused as many times as possible before being recycled.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Your daily horoscope: March 30Your daily horoscope
Read more »
Priced low and ‘as is,’ house gets 30 bidsIn Toronto, rundown semi-detached houses are in high demand
Read more »
Firefighters contain fire in China's mountains where 30 diedFirefighters on Tuesday had contained a blaze high in the rugged forested mountains of western China that claimed the lives of 30 of their colleagues, in one of the worst disasters for the emergency services in recent years.
Read more »
Ford to launch more than 30 new models in China over next three yearsFord to launch more than 30 new models in China over next three years GlobeBusiness
Read more »
China says 30 firefighters killed battling mountain blazeNearly 700 people were battling the fire in Sichuan’s Muli county that erupted on Saturday, but contact was lost Sunday with the 30.
Read more »
China says 30 killed fighting mountain forest fireA fire high in the mountains of western China's Sichuan province has killed 30 firefighters and others, the government said Monday.
Read more »