Hydro Flask launches water bottle trade
Upon receiving a customer's used, old or damaged water bottle, the Hydro Flask product is then "disassembled and sorted to recycle as much of the materials as possible so that the recyclable materials can be incorporated into circular economy material streams," according to the announcement.
As sustainability increasingly becomes more important to consumers, especially Gen Z, launching a trade-in program such as the one from Hydro Flask may clearly enhance the brand's overall value and likeability with the customer base, according to company officials.
"We understand how hard the active, on-the-go lifestyle of our customers can be on some products," said Larry Witt, president of the Home & Outdoor segment at Helen of Troy, the parent of Hydro Flask. "Through the Trade-In program, customers can feel better about parting ways with their Hydro Flasks knowing they won't end up in landfills."
Hydro Flask has been recycling its products since 2017, but this marks the first time it has instituted a trade-in program. The brand joins an ever-growing chorus of retailers and manufacturers who have instituted trade-in and resale programs to meet consumer sentiment for reducing footprints and overall waste in the environment.
Among retailers to have started their own programs are Dick's Sporting Goods, which launched a trade-in and resale program for outdoor gear. Other brands that have introduced trade-in or resale programs include Anthropologie, Madewell and running shoe brand On.
Hydro Flask is a brand within of Helen of Troy, which counts OXO, Osprey, Vicks and Drybar among its other brands. The parent company has been facing challenges in recent months, announcing in January a 10% percent cut to its worldwide workforce after reporting a third-quarter consolidated net sales drop of 10.6%.