He inditex group will launch Zara Pre-Ownedthe company’s second-hand platform, in Spain before the end of 2023. This is how it has progressed Óscar García Maceiras, CEO of Inditexin an exclusive interview with the newspaper Expansionin which he reiterated that the group is making every effort to get it to our country, stressing that “the economic expansion of the textile group continues to be its main strategy”.
Zara Pre-Owned is currently only available to UK customers and, as confirmed Maceiras in this interview, “it will be extended to other European markets in the second half of 2023”. “The idea is continue to extend Zara Pre-Owned to new markets. We are going to start with France and Germany, but we are making every effort to get it to Spain before the end of the year.“, has assured the manager.
This fashion sales platform between individuals it focuses solely on brand items and enables consumer-to-consumer connection. As the CEO of the Galician textile group has stressed, from the group they offer the platform and the service so that consumers can be in contact to sell or buy the garments and clarifies that selling second-hand clothes “wouldn’t fit properly» with its business model.
In the aforementioned interview with Expansion, Garcia Maceiras He has referred to present and future challenges and has analyzed some of the company’s initiatives and lines of action. On this point, the manager has underlined the relevance of the group’s integrated model of physical stores and online sales: “The physical store serves as essential operational support for our online operations.”
A few days ago we found out that Stripe, a financial infrastructure platform for businesses, had been selected as Zara’s payment partner to process all Zara Pre-Owned payments. The company will use Stripe Connect to transfer funds between buyers and sellers of second-hand Zara items. With this service, Amancio Ortega’s company offers its customers the opportunity to resell their products to extend their useful life. Customers take photos of unwanted items, which are then cross-referenced with Zara’s product portfolio, giving potential buyers detailed information about the items they want to purchase. The platform also offers Zara customers other sustainable options, such as the possibility of donating their garments or requesting a repair.
Inditex He signed his best historical year in 2022. The group registered a record net profit of 4,130 million euros in its 2022-2023 fiscal year (from February 1, 2022 to January 31, 2023), the first for Marta Ortega as president, which represents a An increase of 27% compared to 2021, as reported by the company in a statement, which will increase the dividend by 29%, up to 1.2 euros per share, which represents a disbursement of more than 3,700 million. Sales were also record, reaching 32,569 million euros, 17.5% more than the previous year, with an increase of 18% at constant exchange rates.