Zara Pre-owned: Another step towards sustainability
Zara’s Pre-owned service has been launched, which offers the opportunity to donate, repair, sell and buy used clothing. The aim of the Spanish fashion brand is to use the program to extend the life of its products and support more sustainable fashion. Although the service is not yet available in Hungary, according to the company’s promise, it will be introduced in all strategic markets by 2025 – Pénzcentrum points out.
Commitment to new markets and sustainability
Zara Pre-owned is already available in Germany, Austria, Belgium, Croatia and the United States, among others. The aim of the system is to provide customers with a convenient platform for the reuse of excess clothing, which allows customers to contribute to reducing environmental impact. The brand also placed great emphasis on social media communication, drawing attention to the new system with a TikTok video.
Uncertain situation in Bangladesh garment industry
Zara’s sustainability moves come at a time when Bangladesh’s garment industry, one of the largest global supply hubs, is facing major challenges. In the country, production is hampered by political unrest, demonstrations, even the burning of factories and internet outages. Mohiuddin Rubel, director of the Bangladesh Garment Manufacturers and Exporters Association, said the situation could undermine the confidence of brands. Thai purchasing specialist Kyaw Sein estimated that this year’s exports could drop by 10-20%.
Mixed results in the global fashion market
Global fashion giants including H&M and Zalando have seen mixed results recently. H&M fell short of expected quarterly results and was forced to revise its profit margin target. Although the company remains committed to achieving its target of 10% operating margin by 2024, current market conditions make this increasingly difficult.
Meanwhile, Zalando looks to the future with a more optimistic outlook. The number of active customers of the online fashion giant exceeded 50 million, which supports the success of the ecosystem strategy. The company achieved growth in gross merchandise volume, revenue and adjusted EBIT, which provides it with a more stable position in the changing market environment.
The introduction of the Zara Pre-owned service is one of the latest examples of how major players in the fashion industry are paying more and more attention to sustainability. For customers, this provides a new opportunity to make responsible decisions, while for brands it offers a tool to respond to climate protection expectations.
Related news
A Shein product caused severe burns to a British teenager
A 13-year-old teenage girl in Hampshire, England, suffered severe burns…
Read more >A shop in Budapest collapsed with fake global brands: HUF 45 million in damage was caused
A shop in Budapest lured its customers with fake world…
Read more >Hungary is at the forefront of ultra fast fashion
Ultra fast fashion companies are increasingly dominating the fashion industry…
Read more >Related news
Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista…
Read more >Nestlé Szerencs factory expands with new solar park
The 1.5 GW annual capacity solar park will come into…
Read more >Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
The Hungarian commercial real estate market is currently characterized by…
Read more >