The Consortium to Reinvent the Retail Bag, with Founding Partners CVS Health, Target & Walmart, has launched of a series of tests and first-of-a-kind multi-retailer pilots to advance sustainable alternatives to the single-use plastic bag and accelerate their potential to scale. The goal of these pilots and tests is to help refine winning solutions from the Consortium’s global Beyond the Bag innovation challenge, which selected nine winners from over 450 submissions.
Amazon announced new efforts that might be able to prevent some overstocked and returned items from becoming trash. It launched two new programs that are intended to make it easier for third-party retailers to sell returned goods and unsold inventory.
The moves come in the wake of several separate investigations into Amazon warehouses that found that many returned and unsold items were labeled for destruction. Businesses that use Amazon to sell their products pay to hold their stock in Amazon warehouses. When those goods don’t sell, or if returned items pile up, they might decide to chuck the products to save money.
Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, will host its first-ever Sustainability Vendor Summit on Sept. 22, 2021 as part of the company’s public commitment to increase its assortment of sustainable pet products to 50% by the end of 2025. The virtual event, hosted in partnership with ECRM and RangeMe, will connect suppliers of sustainable pet products directly with Petco’s merchandising team.
Sustainable Haus Mercantile, in Summit, N.J., is a small store with a big mission. It is trying to gently persuade every customer who walks through its door, or visits its website, to change their consumption habits, one shampoo bottle, one laundry detergent jug, one roll of paper towels, at a time.
Each year about five billion pounds of returned merchandise ends up landfilled, according to goTRG’s data.
The Miami, Fla-based organization is among businesses working to keep these materials in circulation. It recovers and managesreturns, distressed inventory, and overstock. And it processes these materials to prepare them for resale (and occasionally for first-time sales).
At Target, you can buy compostable cutlery, cleaning products in glass bottles (easier to recycle than plastic), and shoes that can be sent back to the manufacturer to be recycled into new products—all examples of ways to avoid adding waste to landfills at the end of a product’s life. And in the future, the company hopes its customers don’t end up trashing anything they buy from a Target-owned brand. By 2040, Target aims for 100% of its own products to be designed for a circular future.