Sustainable shopping trend boosts UK economy by almost £7BN
A Barclays study indicates that Recommerce, the trade in pre-owned products, is gaining traction as consumers favour second-hand over new items.
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Per GlobalData estimates, food and drink, clothing and footwear, and accommodation were the top three sectors by global ecommerce transactions in 2022. Clothing and footwear accounted for 11% of ecommerce transactions in 2022. While consumers may wish to try on clothing and footwear items to ensure a good fit, enhanced technology that offers sizing recommendations and hassle-free returns services has made them more comfortable shopping for these goods online, accounting for the sector’s high share of transactions.
