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Cost-of-living crunch sees more retailers give products a second lease of life

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In an ever-competitive retail environment, some companies are buying back their old stock as they try to make the most of the growing popularity of the second hand / circular economy. This is being driven by consumers trying to save money as the costs of living change consumers spending.

https://www.abc.net.au/news/2023-12-29/cost-of-living-circular-economy-retailers-consumers/103143598?

An explainer on the circular economy:

https://www.ellenmacarthurfoundation.org/topics/circular-economy-introduction/overview



What do you think?


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Comments
IdeaSpies @ 2024.01.30 10:51 AM
More ideas when you search circular economy on IdeaSpies https://ideaspies.com/search?q=circular+economy

IdeaSpies @ 2024.01.31 10:51 AM

Patagonia was one of the first retailers to use circular economy.

https://ideaspies.com/posts/a-fashion-brand-that-offers-recycling



Jeremy Wright @ 2024.01.31 11:01 AM

Great posting, thank you. Note that Ikea also have a buy-back policy: https://www.ikea.com/au/en/customer-service/services/buy-back-quote/




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