The company surveyed 2,000 people and found that 52% will be shopping for second hand or refurbished products this festive season, with saving money as the top incentive (56%) for doing so.
Murray Lambell, General Manager of eBay UK, says: "In its current form Black Friday is broken, but it's not too late to make it relevant for today's consumer."
UK shoppers switch to budget ranges as grocery price inflation hits record high | Supermarkets | ...
British shoppers are making a big switch to budget ranges and discount chains as supermarket inflation reached a record high of nearly 15% last month, driving up the average annual bill by £682 a year.
Just over a quarter of all households say they are struggling financially, double the proportion a year ago, as the cost of groceries soared 14.7% in October compared with a year ago. That is the highest level since Kantar, which produces the data, began tracking price changes in 2008.
Retailers forced to discount winter wear as mild weather continues
Yesterday, luxury British designer Joules blamed the mild autumnal weather for a slump in sales of coats and wellies.
And figures from the British Retail Consortium (BRC) released this morning [Tuesday] showed that non-food retail sales decreased by 1.2% on a total basis and 1.8% on a like-for-like basis during October, compared to an average growth of 3.7% over the last 12 months.
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