Vinted’s boss has pointed to cost-of-living pressures as the value of second hand goods sold in the run up to Christmas is expected to top £2 billion.
Second-hand shopping is set to account for 10% of all festive gift shopping this year, according to a report by the pre-owned goods online marketplace and Retail Economics.
Over four in five people had signalled they would spend some of their Christmas shopping budgets on pre-owned goods.
Many also reported they would sell their own pre-loved items to fund purchases.
Vinted chief executive Adam Jay said rising consumer costs had likely accelerated a trend which has seen shoppers turn to second hand shopping in an interview with Sky News.
"I'm sure the cost of living crisis has been a boost," he commented.
“But I do think this trend was happening anyway because of people's consciousness around overconsumption, around sustainable buying and sustainable consumption.”