US Sustainability in Retail Market Report 2023

This report examines sustainability in the retail industry, focusing on the consumer perspective. Perceptions and expectations are constantly evolving, and brands can meet challenges with data and analysis provided by this extensive report. Below, we’ve provided the key topics covered and handpicked insights from the report.

Key Topics Covered

• Consumers’ knowledge and awareness of brands’ sustainability initiatives.
• Reasons for lack of sustainability knowledge.
• Sustainability factors influencing purchase habits.
• Sources of information for learning about sustainability.
• Consumer interest in sustainable features and services.
• Consumers’ view on brands’ role in sustainability.

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Overview of the Sustainable Retail Consumer

Consumers are becoming more aware of sustainability initiatives from brands, but price and quality remain the primary purchase factors. Younger consumers will increasingly drive demand for sustainable options in retail, but currently, consumers are not always willing to pay more, as younger generations more often are. For now, brands can tap into positivity around sustainability by showing how individual actions can make a difference.

Sustainability in Retail Statistics

As part of this report, Mintel sources consumer attitudes and preferences from surveys conducted. We provide some of the statistics this report offers here.

• 77% of consumers hold retailers responsible for sustainability, demonstrating the need for businesses to take the initiative in this area.
• Consumers are limited in their sustainability knowledge: Only a quarter of consumers are ‘very knowledgeable’ of the sustainability efforts of the companies they shop.
• Shoppers don’t always prioritise sustainability: Two-thirds of consumers shop where and how it’s most convenient for them. Price, quality, and function are top priorities, indicating the potential to bring sustainability to each stage of the customer journey, rather than consumers having to seek it out.

Opportunity for Retailers

Returns are a significant problem for brands and retailers, making up a significant portion of waste and monetary loss. With some retailers implementing a return fee to help reduce the number of returns, other responses can be deployed. For instance, AI software can be utilised to provide tailored recommendations to customers based on their interests, fashion choices, and more.

For a complete view of the opportunities available to brands in the sustainability in retail space, buy the full report. Or, you can browse our library of sustainability reports.

Leading Brands Analysed

A number of brands within the sustainability and retail space are analysed as part of this report, including H&M, Amazon, Patagonia, Archive, Happy Returns, ThredUp, Loop, InspireD’Signs, and more.

Additional Features Included in Your Report

Different Digital Formats: PDF for conveniently sharing with your team, PowerPoint for quickly including in your presentation, as well as an Excel Databook.

Mintel’s Clients Portal: Our portal offers instant access to actionable analysis and trends pieces relevant to your industry that are published almost daily. You can also browse for more market research reports.

Expert Analysis

Leading retail analyst Katie Hansen offers in-depth industry insight with this report.

Consumers want to shop more sustainably and expect brands to take the lead in procuring environmentally-friendly shopping options.

 

Katie Hansen
Senior Analyst, Retail & eCommerce