Selling used goods is becoming increasingly popular with Amazon customers. The second-hand trade in Britain and Europe has now reached a volume of one billion pounds (1.2 billion euros), says John Boumphrey, boss of Amazon Britain.
The US online retail giant sold more than four million discounted used or refurbished products in Britain alone last year.
“Customers tell us they are buying second-hand items to save money given the persistently high cost of living and because they want to shop more sustainably,” the manager said at the opening of a temporary ‘Second Chance Store’ in London. during the Christmas period.
15 percent plus on used goods
In the first nine months, sales of used goods on Amazon in Britain increased by more than 15 percent compared to the same period last year. In Great Britain, the American group achieved a total turnover of 24 billion pounds in 2022.
Amazon has set a goal of achieving net-zero carbon emissions by 2040. Many environmentalists are skeptical of big companies’ willingness to reduce their emissions and see it more as a PR move.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
