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Stock impact report

Zara Boosts Fashion Circularity With Repair & Resale Platform in UK [MarketWatch]

INDUSTRIA DSNO UNSP/ADR (IDEXY) 
Company Research Source: MarketWatch
The brand, owned by Spain's Industria de Diseno Textil SA, or Inditex, will integrate the sustainability-focused services on a platform, Zara Pre-Owned, available at stores, online and on its mobile app. Through the platform, Zara customers can request repairs to any garments bought from the brand, including replacements for zippers and buttons and seam repairs. Customers will also be able to resell Zara clothes to other customers through a secure process hosted on the platform. Customers will meanwhile be able to request that items of any brand be collected from their homes for donation to the Red Cross charity. This adds to existing containers for donation across the U.K., Zara said. "Through this platform, customers will be able to make more sustainable decisions with regards to their used clothing and will contribute to the reduction of waste and the consumption of new raw materials," Zara said. Inditex, which owns brands including Bershka and Pull & Bear as well as Zara, Show less Read more
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