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

Hellström, Daniel LU orcid and Olsson, John LU (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)
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author
and
organization
publishing date
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
2025-04-04 14:55:28
@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}},
}