Zara UK Customers Offered In-house Swap, Mend and Donate Service

Shoppers walk past a Zara Store on Oxford Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo
Shoppers walk past a Zara Store on Oxford Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo
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Zara UK Customers Offered In-house Swap, Mend and Donate Service

Shoppers walk past a Zara Store on Oxford Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo
Shoppers walk past a Zara Store on Oxford Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo

Zara said on Friday it will launch an in-house service for British customers to sell, repair or donate second-hand clothes, moving the Spanish brand into a growing part of the market.

The platform, to be launched on Nov. 3, will be available through Zara stores, its website and a mobile app.

It is the first time Inditex (ITX.MC), the fashion group that owns Zara, has offered a service to resell its products. The company said the initiative would contribute to the reduction of waste and the consumption of raw materials, without clarifying if it would expand the service to other markets.

The Zara Pre-Owned platform brings in-house the success of second-hand Zara clothing sales on other online platforms and among shoppers on social networks such as Instagram, Reuters reported.

The resale space will be organized by product categories, with detailed information for each item including current images provided by the seller and original product information provided by Zara, the company said.

Zara is following other fast fashion brands such as its main competitor H&M (HMb.ST) in offering products for resale at a time when the global second-hand apparel market is growing.

The global second-hand clothing market is estimated at $71.2 billion in 2022, according to a Future Market Insights report published in September.

Future Market Insights expects the market to grow by 14.8% a year in the next decade as people embrace the environmental benefits of using second-hand clothes.

Zara already offers customers the option to donate its clothing to charities in several markets.

Zara customers in Britain will also have the option repair their garments from any season, either in-store or applying online.

Inditex has 100 stores in Britain, including 60 Zara shops.



Struggling Gucci Owner’s Shares Soar Over New CEO Reports 

A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)
A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)
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Struggling Gucci Owner’s Shares Soar Over New CEO Reports 

A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)
A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)

Shares in Gucci owner Kering jumped Monday over reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group.

Renault shares, however, fell following its announcement Sunday that Luca de Meo, 58, would step down on July 15 "to take on new challenges outside the automobile sector" after five years at the helm of the company.

Le Figaro newspaper reported that de Meo would take over at Kering, the French luxury group that owns Gucci, Yves Saint Laurent, Balenciaga and other premium brands.

Kering has struggled to turn things around at Gucci, the Italian fashion house famous for its handbags and which accounts for half of the group's overall sales.

Previous reports have said the group's chief executive Francois-Henri Pinault would stay on as chairman of the group in a management shake-up.

Kering shares rose more than six percent to 183 euros ($212) in morning deals at the Paris stock exchange.

Shares in Renault fell 6.7 percent to 40.10 euros.

Known as a skilled communicator and marketing expert, de Meo is credited with bringing stability to a company that was in turmoil when he took over in 2020.

The automaker was reeling from more than a year of crisis in the wake of the scandal involving Carlos Ghosn, the former head of the Nissan-Renault alliance who fled Japan to avoid trial.

De Meo accelerated the group's shift to electric vehicles and pushed for an upmarket move in an effort to steer the company out of trouble. Renault also owns the Dacia, Alpine, and Lada brands.