Let's go thrift shopping : exploring circular business model innovation in fashion retail
(2024) In Technological Forecasting and Social Change 198. p.1-13- 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... (More)
- 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. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/845b0b15-f7a2-45be-93a7-9ab8c418e79c
- author
- Hellström, Daniel LU and Olsson, John LU
- organization
- publishing date
- 2024-01
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Circular economy, Consumer centricity, Fashion, Innovation, Logistics services, Retail, Sustainability
- in
- Technological Forecasting and Social Change
- volume
- 198
- article number
- 123000
- pages
- 13 pages
- publisher
- Elsevier
- external identifiers
-
- scopus:85177195616
- ISSN
- 0040-1625
- DOI
- 10.1016/j.techfore.2023.123000
- language
- English
- LU publication?
- yes
- id
- 845b0b15-f7a2-45be-93a7-9ab8c418e79c
- date added to LUP
- 2023-11-19 12:30:18
- date last changed
- 2023-12-20 12:52:48
@article{845b0b15-f7a2-45be-93a7-9ab8c418e79c,
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.}},
author = {{Hellström, Daniel and Olsson, John}},
issn = {{0040-1625}},
keywords = {{Circular economy; Consumer centricity; Fashion; Innovation; Logistics services; Retail; Sustainability}},
language = {{eng}},
pages = {{1--13}},
publisher = {{Elsevier}},
series = {{Technological Forecasting and Social Change}},
title = {{Let's go thrift shopping : exploring circular business model innovation in fashion retail}},
url = {{http://dx.doi.org/10.1016/j.techfore.2023.123000}},
doi = {{10.1016/j.techfore.2023.123000}},
volume = {{198}},
year = {{2024}},
}