Circular Economy and Sustainability in Luxury Fashion Consumer Behavior: A Review and Research Agenda

Abstract

ABSTRACTOver the last decade, luxury consumers have become more aware of the adverse environmental impacts associated with their lifestyles and are transitioning toward more responsible consumption patterns. Circular economy and sustainability business strategies have become crucial for this and have attracted the attention of scholars and brands. This paper aims to assess the current state of research concerning the circular economy and sustainability within luxury fashion consumer behavior. It focuses on relevant studies published in leading peer‐reviewed English‐language journals in business, management, and economics, using keywords such as luxury, consumer, circular economy, and sustainability. This review emphasizes the substantial impact of the 9Rs of the circular economy on luxury fashion consumers while also noticing the lack of consumer‐focused research in the areas of the circular economy and sustainability. It presents a critical and thorough assessment, categorization, and analysis of the emerging literature in this field. The authors propose a deeper and more specific research agenda exploring the relationship between the circular economy, sustainability, and luxury fashion. The paper suggests potential directions for future research, emphasizing the need for theoretical, educational, and communication‐oriented studies to address the distinctive circular economy and sustainability issues within luxury fashion consumption.