World News

More than £2bn spent on pre-loved gifts this Christmas

The cost of living crisis has ‘boosted’ the second-hand industry, Sky News has been told, as more than £2bn is spent on pre-loved gifts this Christmas.

Vinted, an online marketplace for buying and selling pre-owned items, made its first annual net profit last year of €18m (£15m).

The company’s revenue also rose by 61% year on year amid a rise in demand for secondhand goods.

Read more: https://news.sky.com/story/vinted-boss-says-cost-of-living-crisis-has-boosted-secondhand-industry-13276974

#christmas #secondhand #preloved

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