Over half of Brits to shop second-hand this Christmas, says eBay
52% of Brits plan to buy second-hand gifts this Christmas, according to data from eBay.
Meanwhile, 56% said they still want to treat loved ones to thoughtful gifts while 26% intend to put more thought into sourcing meaningful presents.
Nearly four in ten (38%) said they intend to spend less than £100 on gifts this festive season.
Rising costs of living, inflationary pressures and high energy prices are some of the factors contributing to the lower consumer spending power seen this Christmastime.
eBay’s director of trading, Kirsty Keoghan, said the online retailer was anticipating a shift to pre-loved gifting this Christmas.
eBay’s Christmas ad report also revealed that 29% of consumers began their shopping earlier this year, looking to get ahead of the festive rush and taking advantage of Black Friday sales.
Meanwhile, data from RSM recently revealed that over a third of consumers said they have no money left over at the end of the month, and that average spending this year will be down around 16%