Tales of Illyria is filled with a large selection of equipment. You can outfit your party members with unique weapons, armor and more. You can even purchase unique saddles for your mounts which offer different bonuses depending on their cost (more expensive saddles offer more of a stat boost).
You can equip every party member with their own weapon (melee, ranged and shield), armor (body and head), amulet and mount (saddle too).
In addition, there is equipment storage that holds any loot, or items that you acquire during your travels. The party and equipment menus can be accessed at any time while traveling or in a city by pressing the menu button on your device.