Retailers turn towards circular economy amidst rises in costs of living
Retailers are increasingly participating in the circular economy, buying back old stock and promoting second-hand goods to capitalize on consumer interest. Rising costs of living are driving more people toward the second-hand market, with surveys indicating a significant shift in consumer behavior. Businesses, both large and small, are adopting circular models to reduce waste and lower their environmental impact. Companies like Koskela, a furniture and homewares business in Sydney, are transitioning to circular business models by offering subscription services and buyback programs. Read more about retailers that are embracing the circular economy.
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