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More Consumers Plan to Resell Holiday Gifts Online This Year Than Ever Before
added: 2008-12-15

With financial concerns weighing on Americans’ minds this holiday season, consumers are becoming more resourceful than ever. To cope, they are learning how to manage unwanted gifts. Over half (54%) of U.S. adults who have resold gifts online plan to do so this year, a 10 percent increase from last year (45%) according to new research released by eBay conducted on its behalf by Harris Interactive®.

Of U.S. adults who receive gifts during the holidays, more than four in five (83%) receive unwanted items and almost half (46%) of those adults resell or re-gift, that is, give the unwanted gift to someone else as a gift. Additionally, nearly two-thirds (64%) of adults feel that re-gifting or reselling gifts is more socially acceptable now than it was several years ago.

"We’re seeing the trend in re-gifting and reselling unwanted presents becoming more commonplace in this economic climate," said Marsha Collier, author of "Santa Shops on eBay" and "eBay for Dummies." "For those seeking to make the best of an unwanted gift and maybe even start a small business, eBay is a great place to sell items and make some extra money; it’s also a destination for amazing deals for everyone on your holiday list."

According to the survey, the most popular items adults would re-gift include wine, champagne or spirits (21%); trinkets or collectibles (21%); beauty or bath products (21%); DVDs, CDs or books (16%); electronics/appliances (14%); and the infamous fruitcake (14%). The most popular items adults resell online include personal electronics (12%); DVDs, CDs or books (11%); home technology (10%); event tickets (10%); trinkets or collectibles (8%); and sporting or fitness equipment (6%).


Source: Business Wire

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