Title: An integrative literature review of sustainable luxury fashion consumption through a circular economy business model

Authors: Mairy A. Alim; Daphne Halkias; Kenneth Levitt

Addresses: Department of Business Management, Walden University, Minneapolis, 55401, USA ' EIM European Institute of Management, 66, Old Theatre Street, Valletta VLT 1427, Malta ' Department of Management, Frostburg State University, Frostburg, 21532, USA

Abstract: The goal of this research is to create an integrative literature review on how luxury fashion leaders in mature markets can profitably transition from a linear to a circular business model. Two conceptual models are used to frame this research: Donato et al.'s notion of sustainable luxury consumption and Chiaroni and Urbinati's concept of adopting a circular business strategy. The luxury fashion sector, which is expected to be worth 84.04 billion dollars by 2025, has been unable to implement a circular economy business model to increase sustainable luxury consumption in mature markets. The findings of this integrative literature analysis included suggestions for future study on the shift from a linear to a circular economy business model that benefits the environment, employees, and local/regional communities through sustainable business practices.

Keywords: circular economy; circular economy business model; online platforms; luxury retailers; luxury fashion; sustainability; sustainable luxury products; sustainable luxury fashion; transition to a circular business model; mature markets.

DOI: 10.1504/IJC.2022.127403

International Journal of Competitiveness, 2022 Vol.2 No.3, pp.234 - 247

Received: 21 Jun 2022
Accepted: 24 Jun 2022
Published online: 03 Dec 2022 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article