A re-commerce revolution is sweeping the UK. Now worth £7 billion annually, over a third of consumers are embracing secondhand shopping, according to a ShipStation survey.
With Gen Z and Millennials leading the charge, the shift in consumer behaviour is driven by the desire for affordability, quality, and unique finds, “proving that re-commerce is more than a passing trend”, the report from the shipping specialist said.
Boosted by the cost-of-living crisis, “Britons are increasingly seeking out bargains and alternative ways to shop so re-commerce allows consumers to access high-quality items at a fraction of the price”, it said.
ShipStation’s survey highlights the growing appeal of pre-owned goods, with lower costs (70%) and the desire for higher quality at a lower price (37%) the primary motivators. Even though it’s not a priority, over 27% of Britons admit to buying secondhand due to environmental concerns.
And Gen Z is also the demographic with the highest number of surveyed consumers (23%) planning to spend on luxury goods in the latter half of the year.
London stands out as a hub for secondhand shopping, with 88% of Londoners embracing re-commerce, compared to 83% across the rest of the country. This trend is fuelled by the city’s higher cost of living, with 72% of Londoners citing lower costs as their main motivation.
While 34% of Britons purchase secondhand goods every month, Gen Z (58% ) and Millennials (50%) lead the surge. However, by contrast, 27% of Boomers say they never buy secondhand.
“Re-commerce is changing the way we shop, and it’s not going anywhere,” says Matthew Trattles, vice president of SMB at Auctane, ShipStation’s operating brand.
“Interest in re-commerce is growing rapidly [and] represents more than just a preference for pre-owned items; it’s a testament to the evolving priorities of consumers.”
Copyright © 2024 FashionNetwork.com All rights reserved.
Translated by Roberta HERRERA Published September 20, 2024 On Monday, September 23, the historic Place de l'Opéra in Paris will be transformed i
By AFP Translated by Nicola Mira Published September 20, 2024 Bernard Arnault, boss of global luxury giant LVMH, has notified the group’s top
Translated by Nicola Mira Published September 20, 2024 Lithuanian vintage fashion e-tailer Vinted, which made a profit for the first time in 2023
Published September 20, 2024 Luxury outerwear brand Mackage has launched its fall/winter 2024 collection with a new campaign starring supermodel St