More than £2bn spent on pre-loved gifts this Christmas

The cost of living crisis has 'boosted' the second-hand industry, Sky News has been told, as more than £2bn is spent on pre-loved gifts this Christmas. Vinted, an online marketplace for buying and selling pre-owned items, made its first annual net profit last year of €18m (£15m). The company's revenue also rose by 61% year on year amid a rise in demand for secondhand goods. Read more: https://news.sky.com/story/vinted-boss-says-cost-of-living-crisis-has-boosted-secondhand-industry-13276974 #christmas #secondhand #preloved SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales