AssetID: 54407704
Headline: UNCAPTIONED: Cost of Living Crisis Fuels Boom in Secondhand Shopping
Caption: Cost of Living Crisis Fuels Boom in Secondhand Shopping. The cost of living crisis has sparked a surge in the secondhand market, with over £2 billion spent on pre-loved gifts this Christmas alone. Adam Jay, CEO of Vinted Marketplace, describes rising costs as an “accelerator” for an already growing trend toward sustainable shopping. He believes awareness around overconsumption and environmental impact has solidified secondhand goods as a long-term choice for many consumers. Vinted, a leading platform for buying and selling pre-owned items reported its first annual profit of €18 million last year and a 61% revenue increase. As the demand for secondhand goods rises, experts suggest this shift in consumer behavior may redefine shopping habits for years to come. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,second-hand,gifts,Christmas,pre-loved,Vintage,market,spending,Adam Jay,CEO,Vinted Marketplace,rising costs,sustainable shopping,buying,selling,annual profit
PersonInImage: