Selfridges Wants to Make Nearly Half its Sales Circular by 2030

The luxury department store chain said Friday it is doubling down on rental, resale and reuse as it looks to deliver on climate commitments.

By the end of the decade, the retailer is aiming for 45 percent of transactions to come from products made from recycled materials or through services like resale, repair or refills. Today, less than one percent of its transactions meet that bar.

Moving towards these kinds of circular business models is an…