Many companies are starting to take back their products to recycle them. There are varying degrees of recycling going on. Nike's Reuse A Shoe program doesn't make the kicks you drop off into new shoes, they turn them into rubber playing fields. The end goal is to try and perfect a system of take back for the day when they can up-cycle the shoe you bring back.
Patagonia has been taking back clothes for a while now, with a little drop box in stores. They have various documentation on their website about the various processes they go through to recycle clothes.
Fast Retailing, has a take back program going on in Japan with UNIQLO.