Monday, October 20, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

The Bipartisan Push for Sustainable Shopping

by Editorial Team
August 27, 2025
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


In a world dominated by quick trend giants, the place $10 sneakers and viral “hauls” fill social feeds, the resale motion is gaining traction on Capitol Hill. Lawmakers from each events are coming collectively to advertise a extra sustainable, round method to buying—one that might reshape the American retail panorama and assist the planet within the course of.

Representatives Sydney Kamlager-Dove (D., Calif.) and Nicole Malliotakis (R., N.Y.) are formally launching the bipartisan Recommerce Caucus. Their mission: to advertise the rising recommerce economic system.

Becoming a member of Kamlager-Dove and Malliotakis are representatives Kevin Mullin (D., Calif.), Hillary Scholten (D., Mich.), and Brittany Pettersen (D., Colo.), forming a coalition that goals to:

  • Lengthen the life cycle of merchandise
  • Scale back landfill waste
  • Encourage environmentally accountable commerce
  • Assist small sellers and entrepreneurs on digital platforms
  • Promote entry to widespread resale apps

Tax Reduction and Round Enterprise Incentives

Kamlager-Dove is especially centered on lowering gross sales tax for secondhand gadgets and providing tax credit to corporations that undertake round enterprise fashions. “Why not do one thing that’s good for trend, good for the economic system and good for the atmosphere?” she asks—a sentiment that resonates with each eco-conscious customers and small enterprise homeowners.

Malliotakis, in the meantime, highlights the necessity to minimize crimson tape for small companies and resellers, tackle counterfeiting, and scale back waste. “It’s sustainable, it helps the atmosphere, there’s much less trash and also you make anyone else completely happy,” she explains.

Why Now?

This legislative push comes at a time when tariffs on imported items are disrupting provide chains and driving up prices for retailers and customers alike. In consequence, American customers are considering extra critically about the place their items come from and the way a lot they’re keen to pay for brand new versus secondhand gadgets.

A latest report discovered that 54% of retail executives see resale as a extra secure supply of clothes amid tariff turmoil. Rachel Kibbe, CEO of American Round Textiles, notes, “At a time when customers are price-sensitive and searching for extra inexpensive, sustainable choices, recommerce provides important entry—not solely to revenue, however to high quality items at decrease prices”.

Sustainability By way of Secondhand

U.S. landfills are full of discarded clothes, which, because it breaks down, releases greenhouse gases and poisonous “endlessly chemical substances.” The carbon footprint of manufacturing new clothes—from sourcing supplies to manufacturing and international delivery—is even greater.

Specialists estimate that if each secondhand merchandise bought changed the necessity for a brand new one, it may scale back general manufacturing by almost 8% by 2027 and minimize annual carbon emissions by 15-16% by 2040. Every reused garment can add 2.2 years to its life and scale back water, carbon, and waste footprints by as a lot as 73% in comparison with producing new clothes.

“At the moment we have now sufficient clothes on the planet to dress the subsequent six generations of people with out making something extra,” says Rachel Mednick, a sustainable trend educator. The problem is making it simpler for corporations to supply pure fibers and shift their provide chains—a course of that takes time and assets.

The Booming Enterprise of Secondhand

Secondhand buying isn’t simply environmentally sensible—it’s additionally turn out to be a cultural phenomenon, particularly amongst Gen Z and Millennials. Youthful customers are searching for out resale apps and thrift shops looking for distinctive, inexpensive, and sustainable finds. In accordance with a latest survey, 71% of customers aged 25-34 purchased “pre-loved items” up to now 12 months.

The resale sector is booming:

  • Projected to succeed in $1.04 trillion globally by 2035, up from $186 billion final 12 months
  • Rising 12–15% yearly, outpacing conventional retail
  • Luxurious resale can also be surging, with 27% of on-line luxurious attire spending now occurring on resale platforms

Discovering Worth in Sustainability

For a lot of, recommerce is about extra than simply saving cash or the atmosphere—it’s about creativity, entrepreneurship, and constructing neighborhood. As Congress turns its consideration to the recommerce economic system, the hope is that new insurance policies will empower small companies, scale back environmental influence, and provides customers extra sustainable selections—proving that trend, the economic system, and the atmosphere don’t need to be at odds.

Because the main B2B recommerce platform, B-Inventory stands behind Congress and the business leaders who’re advocating for this recommerce motion. We’d additionally prefer to acknowledge and thank the retailers, manufacturers, and small companies who’re leveraging our platform to promote and purchase returned, extra, and trade-in stock. Each transaction on B-Inventory helps prolong product lifecycles, scale back landfill waste, and advance sustainability objectives which might be more and more valued by customers, companies, and policymakers alike.

Wish to perceive the present B2B recommerce panorama? Obtain B-Inventory’s report, The State of the B2B Recommerce Market- 2025.

Obtain Now



Source link

Tags: BipartisanpushshoppingSustainable
Previous Post

Nuclear, Clear Power, and AI

Next Post

Trump’s Medicaid Tax Cuts: Here’s What to Know

Related Posts

Top 10 SA Quant-Rated tech stocks leading 2025 gains

Top 10 SA Quant-Rated tech stocks leading 2025 gains

by Jason Capul
October 20, 2025
0

Oct. 20, 2025 1:00 PM ETS&P 500 Index (SP500), XLK, VGT, FTEC, RSPT, IYW, IXNCIEN, AMD, ADI, MU, ADSK, ANET,...

Market Wrap: Sensex jumps 411 pts, Nifty tops 25,800 as Reliance, HDFC Bank rally post-earnings

Market Wrap: Sensex jumps 411 pts, Nifty tops 25,800 as Reliance, HDFC Bank rally post-earnings

by Euro Times
October 20, 2025
0

Indian shares superior for a fourth session on Monday, with the Sensex climbing 0.5% and the Nifty closing above the...

Bitcoin’s Rally Cracks: Here’s My Downside Trading Plan (Cryptocurrency:BTC-USD)

Bitcoin’s Rally Cracks: Here’s My Downside Trading Plan (Cryptocurrency:BTC-USD)

by Income Generator
October 20, 2025
0

This text was written byComply withThe Earnings Machine is pushed by market evaluation from methods overlaying greater than twenty years...

GIFT Nifty Hints At Positive Open; HDFC Bank, RIL, RBL Bank Shares In Focus

GIFT Nifty Hints At Positive Open; HDFC Bank, RIL, RBL Bank Shares In Focus

by Ananya Chaudhuri
October 20, 2025
0

The GIFT Nifty was buying and selling 0.24% or 61 factors increased at 25,978.50 as of seven:09 a.m., which implied...

Banks light up Diwali with cashback offers, rate cuts

Banks light up Diwali with cashback offers, rate cuts

by Euro Times
October 19, 2025
0

From cash-backs to reductions, zero foreclosures fees, sharply discounted processing charges and decrease rates of interest on provide for financial...

Blackstone’s Jonathan Gray warns investors are underestimating AI’s disruptive power (BX:NYSE)

Blackstone’s Jonathan Gray warns investors are underestimating AI’s disruptive power (BX:NYSE)

by Rob Williams
October 19, 2025
0

Roman Tiraspolsky/iStock Editorial through Getty PhotosBlackstone (NYSE:BX) president Jonathan Grey cautioned that buyers are overlooking how synthetic intelligence might render...

Next Post
Trump’s Medicaid Tax Cuts: Here’s What to Know

Trump’s Medicaid Tax Cuts: Here’s What to Know

Book Review: The Behavioral Portfolio

Book Review: The Behavioral Portfolio

Democrats Move To Cut Off Funding For Trump’s White House Ballroom

Democrats Move To Cut Off Funding For Trump’s White House Ballroom

October 20, 2025
Wise Recruiting Digital Asset Lead to Explore Stablecoins

Wise Recruiting Digital Asset Lead to Explore Stablecoins

October 20, 2025
After Pyrrhic Gaza Victory, Israel & Tech Allies Drive for Dystopian Control

After Pyrrhic Gaza Victory, Israel & Tech Allies Drive for Dystopian Control

October 20, 2025
Top 10 SA Quant-Rated tech stocks leading 2025 gains

Top 10 SA Quant-Rated tech stocks leading 2025 gains

October 20, 2025
A massive Amazon server outage took down Fortnite, Alexa, Snapchat, and more

A massive Amazon server outage took down Fortnite, Alexa, Snapchat, and more

October 20, 2025
Which Packs a Greater Antioxidant Punch?

Which Packs a Greater Antioxidant Punch?

October 20, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Democrats Move To Cut Off Funding For Trump’s White House Ballroom

Wise Recruiting Digital Asset Lead to Explore Stablecoins

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In