[1/5]Customers visit the Second Chance Store, a new shop selling returned and refurbished products from Amazon’s Second Chance programmes in-person in central London, Britain November 28, 2023. John Nguyen/Handout via REUTERS. Acquire Licensing Rights
LONDON, Nov 29 (Reuters) – Consumer demand for refurbished and pre-owned goods in Britain and across Europe has created a billion pound ($1.3 billion) business for Amazon (AMZN.O), its UK boss said.
Many retailers and manufacturers expect that trend to continue as shoppers, hit by rising prices and borrowing costs, look to save cash and buy more sustainably.
John Boumphrey, Amazon’s UK Country Manager, told reporters that in the UK alone the online retail giant last year sold more than 4 million used or refurbished products at a discount.
In the first nine months of 2023, Amazon’s sales of second-hand goods in the UK increased by more than…
