 are now choosing more sustainable ways to shop compared to last year – giving rise to the 'recommerce economy' of recycling, renting, reusing, and reselling. And 85% of those who have chosen to rent items, rather than buying new, have done so at least once in the past 12 months. Of those now using more sustainable shopping methods, 46% are doing so as they recognise the positive environmental and social impact 'recommerce' has. The cost of living is also a contributing factor, with 43% of shoppers now being more mindful of their discretionary spending. And two in five (41%) choose these options to help manage their overall finances. Jewellery is one of the most common things that people will rent second-hand ( Vince Talotta/Toronto Star/Getty Images) Linda Weston, at Barclaycard Payments, which commissioned the research, said: 'Whether renting or buying second-hand, recycling through community groups, or selling pre-loved items on a resale platform – our data shows more sustainable shopping is becoming increasingly popular. 'Shopping this way can be an efficient way to access affordable products and services, which is especially important as the cost of living rises. 'As this 'recommerce economy' continues to grow, it will be interesting to see how retailers continue to react and adapt, expanding their offerings to give customers alternative, cost-effective ways to shop.' The study also found a third (32%) of those purchasing through recommerce options said it has given them access to products that would normally be out of their price range. A quarter (26%) of){kind=link}
Shoppers are now increasing looking to recycle, reuse, or resell items – with 85% of having rented clothes or jewellery at least once in the last 12 months
Sustainable shopping is here to stay as the rising cost of living impacts the nation’s spending habits.
A poll of 2,000 adults found almost half (47%) are now choosing more sustainable ways to shop compared to last year â giving rise to the “recommerce economy” of recycling, renting, reusing, and reselling.
And 85% of those who have chosen to rent items, rather than buying new, have done so at least once in the past 12 months.
Of those now using more sustainable shopping methods, 46% are doing so as they recognise the positive environmental and social impact “recommerce” has.