Let's go thrift shopping: exploring circular business model innovation in fashion retail

Daniel Hellström; John Olsson

doi:10.1016/j.techfore.2023.123000

Let's go thrift shopping: exploring circular business model innovation in fashion retail

Daniel Hellström, John Olsson

Packaging Logistics

Research output: Contribution to journal › Article › peer-review

Abstract

The circular economy offers promising opportunities for the fashion industry to decouple revenue streams from resource use. To take advantage of these opportunities, this research study investigates circular business model innovation and advances knowledge on what drives such innovation and how this process can be accelerated. In a collaborative setting, we developed and validated a circular business model that supports clothing reuse. Inspired by design science and supported by business model theory, the research reveals that consumer centricity drives circular business model innovation, and logistics services act as a catalyst accelerating this process. These findings provide foresight to support retail transformation toward the circular economy. Thirteen business model-oriented propositions are put forward to elaborate theory.

Original language	English
Article number	123000
Pages (from-to)	1-13
Number of pages	13
Journal	Technological Forecasting and Social Change
Volume	198
Early online date	2023 Nov 18
DOIs	https://doi.org/10.1016/j.techfore.2023.123000
Publication status	Published - 2024 Jan

Subject classification (UKÄ)

Transport Systems and Logistics

Free keywords

Circular economy
Consumer centricity
Fashion
Innovation
Logistics services
Retail
Sustainability

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/j.techfore.2023.123000Licence: CC BY

1 Participation in conference
1 Media participation

Lund researchers recognized for circular business model for textiles
Hellström, D. (Interviewee) & Olsson, J. (Interviewee)
2023 Dec 7
Activity: Other › Media participation
18TH Academy of Innovation, Entrepreneurship, and Knowledge Conference
Hellström, D. (Presenter) & Olsson, J. (Presenter)
2023 Jun 21 → 2023 Jun 23
Activity: Participating in or organising an event › Participation in conference

Award for high-quality research paper at ACIEK 2023
Hellström, D. (Recipient) & Olsson, J. (Recipient), 2023 Jun 23
Prize: Prize (including medals and awards)

Cite this

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title = "Let's go thrift shopping: exploring circular business model innovation in fashion retail",

abstract = "The circular economy offers promising opportunities for the fashion industry to decouple revenue streams from resource use. To take advantage of these opportunities, this research study investigates circular business model innovation and advances knowledge on what drives such innovation and how this process can be accelerated. In a collaborative setting, we developed and validated a circular business model that supports clothing reuse. Inspired by design science and supported by business model theory, the research reveals that consumer centricity drives circular business model innovation, and logistics services act as a catalyst accelerating this process. These findings provide foresight to support retail transformation toward the circular economy. Thirteen business model-oriented propositions are put forward to elaborate theory.",

keywords = "Circular economy, Consumer centricity, Fashion, Innovation, Logistics services, Retail, Sustainability",

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language = "English",

volume = "198",

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AU - Olsson, John

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N2 - The circular economy offers promising opportunities for the fashion industry to decouple revenue streams from resource use. To take advantage of these opportunities, this research study investigates circular business model innovation and advances knowledge on what drives such innovation and how this process can be accelerated. In a collaborative setting, we developed and validated a circular business model that supports clothing reuse. Inspired by design science and supported by business model theory, the research reveals that consumer centricity drives circular business model innovation, and logistics services act as a catalyst accelerating this process. These findings provide foresight to support retail transformation toward the circular economy. Thirteen business model-oriented propositions are put forward to elaborate theory.

AB - The circular economy offers promising opportunities for the fashion industry to decouple revenue streams from resource use. To take advantage of these opportunities, this research study investigates circular business model innovation and advances knowledge on what drives such innovation and how this process can be accelerated. In a collaborative setting, we developed and validated a circular business model that supports clothing reuse. Inspired by design science and supported by business model theory, the research reveals that consumer centricity drives circular business model innovation, and logistics services act as a catalyst accelerating this process. These findings provide foresight to support retail transformation toward the circular economy. Thirteen business model-oriented propositions are put forward to elaborate theory.

KW - Circular economy

KW - Consumer centricity

KW - Fashion

KW - Innovation

KW - Logistics services

KW - Retail

KW - Sustainability

U2 - 10.1016/j.techfore.2023.123000

DO - 10.1016/j.techfore.2023.123000

M3 - Article

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SP - 1

EP - 13

JO - Technological Forecasting and Social Change

JF - Technological Forecasting and Social Change

M1 - 123000

ER -

Let's go thrift shopping: exploring circular business model innovation in fashion retail

Abstract

Subject classification (UKÄ)

Free keywords

UN SDGs

Access to Document

Fingerprint

Activities

Lund researchers recognized for circular business model for textiles

18TH Academy of Innovation, Entrepreneurship, and Knowledge Conference

Prizes

Award for high-quality research paper at ACIEK 2023

Cite this