The Future of Luxury Retail: Why the Circular Economy Matters for Luxury Fashion Retailers

The luxury retail industry is shifting toward sustainability, driven by changing consumer preferences and regulations. This trend is strong among younger generations, with Gen Z projected to make up 40% of luxury purchases by 2035.

Key insights reveal:

Sustainable brands grow faster
New European regulations mandate supply chain transparency
The circular economy gains momentum through second-hand platforms and recycled materials
Luxury brands can lead sustainability due to their heritage of quality and longevity

This paper explores how technology enables brands to track materials, communicate sustainability, and innovate for a circular future.

Vendor:: Verizon
Posted:: Mar 28, 2025
Published:: Mar 28, 2025
Format:: PDF
Type:: White Paper

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