The fast fashion industry significantly impedes sustainability by its rapid production cycles, low-cost products, and heavy carbon footprint. Nowadays, circular economy (CE) has become an interesting concept, which follows the “take-make-dispose” model and allows products, materials, and resources to be in use as long as possible. There is a paucity of research in the identification of circular economy strategies (CES) and mapping them based on their interrelationships, which is very important from a managerial perspective. In this vein, this study identifies nine CES and analyzes their causal relationships using the Fuzzy Decision-Making Trial and Evaluation Laboratory method in the context of fast fashion footwear manufacture. The key contributions include providing actionable insights for implementing CE practices, enhancing the sustainability of the footwear industry, and offering a strategic roadmap for industry stakeholders. The results and implications of this study will guide footwear industry decision-makers in making a strategic map considering the cause-and-effect interrelationships among the CES for implementing CE business practices in the footwear industry.