Shifting your Business Model: How to Rental

September 15, 2020 by  
Filed under Business, Eco, Green

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Shifting your Business Model: How to Rental How can your company implement a rental business model? While the concept of renting is anything but new, recent years have seen an expansion of products traditionally bought and kept by consumers now available for rent. From formal wear to scooters to furniture, rental products promote access over ownership, providing consumers with an often easier and cheaper alternative to purchasing something outright. In return, rental models allow companies to extend their customer relationship from one-off products to long term service. This paradigm shift requires businesses to evolve in numerous ways, shifting internal operations and financial models alongside external value propositions, communications strategies and sales tactics. Hear from companies at the forefront of the new and improved rental industry as they discuss the benefits, challenges and best-practices for building a successful rental business model. Speakers Hélène Smits, Initiator and Lead, Circle Textiles Program, Circle Economy Gustav Hedström, Business Developer, Houdini Sportswear Amy Kang, Director of Product Platform Systems, CaaStle Holly Secon Mon, 09/14/2020 – 23:22 Featured Off

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Shifting your Business Model: How to Rental

Scaling Circular Fashion in North America: Part 2

September 15, 2020 by  
Filed under Business, Eco, Green, Recycle

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Scaling Circular Fashion in North America: Part 2 What will it take to transition the fashion industry toward circularity at scale? The need for urgent action is clear: While the lifespan of individual garments dwindles, the environmental footprint of the apparel industry continues to grow. But where there’s inefficiency, there’s often opportunity. From renewable and recycled inputs to new business models such as repair, rental and recommerce to end of life management and more — like enabling technologies, policies and partnerships — the apparel industry is ripe for a makeover. Building off the aspirational ‘future of circular fashion’ explored in part one, part two of this two-part session will focuses on redesigning the apparel industry of today, unlocking untapped value and scaling circular fashion in the North American market. A continuation of Part 1: https://youtu.be/_lTD3p5g6rA Speakers Beth Esponnette, Cofounder, Unspun Beth Rattner, Executive Director, Biomimicry Institute Debbie Shakespeare, Senior Director Sustainability, Compliance & Core PLM, Avery Dennison Holly Secon Mon, 09/14/2020 – 23:11 Featured Off

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Scaling Circular Fashion in North America: Part 2

Shifting your Business Model: How to Resale

September 15, 2020 by  
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Shifting your Business Model: How to Resale How can your company implement a resale business model? The resale of used, worn or simply returned consumer products, also known as recommerce, holds tremendous promise for the retail industry. Beyond diverting substantial landfill waste, resale represents a rapidly growing revenue opportunity with a market valued at $20 billion in the apparel industry alone. But despite clear environmental benefits and new financial opportunities, only a handful of companies are implementing secondary sales models. From reverse logistics, quality control, customer expectations and revenue cannibalization concerns, companies must overcome a multitude of considerations and complexities. Join this breakout to learn how organizations at the forefront of the recommerce industry are tackling these challenges, and what it took them to build an effective, lucrative resale business model. Speakers Gwen Cunningham, Lead Circle Textiles Programme, Circle Economy Cynthia Power, Director, EILEEN FISHER Renew Holly Secon Mon, 09/14/2020 – 22:37 Featured Off

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Shifting your Business Model: How to Resale

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