Posts

European fashion group Inditex, operator of global fast fashion chain Zara is making an aggressive global push this year through expansion of stores, following a 10% rise in full net-year earnings.

The group, which also owns fashion brands Pull&Bear and Bershka, plans to open 450-500 new offline stores in 2017 while closing approximately 150-200 of its smaller stores worldwide. Read more

Mobile payment is coming to stores belonging to fashion retailer Inditex Group in September, reports Retail News Asia.

Inditex has eight brands and more than 7,000 stores throughout the world. These brands include Zara, Pull&Bear, Massimo Dutti, and Zara Home.

The company’s in-house developed application, InWallet, will facilitate mobile payment at any of the group’s brands in Spain.

How does InWallet work?

The service will also allow all receipts to be issued electronically. The new service has been designed to enhance the shopping experience and simplify the purchase and returns process.

Customers can activate the service directly from the online app and add the payment cards they want to use on the account in a safe and secure way.

RFID technology rollout across all Zara stores is on track for completion by the end of this year and available to the rest of the group’s brands starting next year.

Inditex chief has launched an ambitious recycling program that would collect customers’ unwanted clothing when shopping online.

Under the plan, between 1,500 and 2,000 clothes collection containers will be installed in several Spanish cities in collaboration with Caritas.

Simultaneously, Zara will continue installing containers in the bricks and mortar stores, and in September all Zara stores in Spain will have a container for recycling.

The mobile payment roll-out does not have current plans for international expansion to the group’s scattered presence across the world but highly possible to come to Southeast Asia branches as the region is already mobile first.

A version of this appeared in Retail News Asia on August 3. Read the full version here