[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.
Acquire Licensing RightsLONDON, 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.
"Customers are telling us that they’re shopping second hand items to save money in the ongoing cost of living crisis and because they want to shop more sustainably," Boumphrey told reporters.
He was speaking at the launch of Amazon UK's "Second Chance Store" - a Christmas pop-up shop in London selling returned and refurbished items.
Amazon has invested 56 billion pounds in Britain since 2010, including 12 billion in 2022 alone, Boumphrey said.
Persons:
John Nguyen, Handout, John Boumphrey, Boumphrey, James Davey, Mark Potter
Organizations:
REUTERS, Acquire, Amazon, Reuters, Digital Markets, Competition, Consumers, European Union, Thomson
Locations:
London, Britain, Europe