Interest in consignment stores and secondhand shops in Russia is growing amid soaring living costs and significant inflation rates. Consumers, particularly young people, are opting for cheaper used alternatives, reducing expenditures on travel and luxury items. The inflation rate has risen to 9.52%, leading to economic instability reminiscent of the Soviet era. As a result, those involved in repair services or the retail of used goods are finding greater financial stability. The demand for used luxury goods is also increasing, influenced by sanctions and market exits following geopolitical conflicts.
The increasing interest in consignment stores and secondhand shops in Russia reflects a significant shift in consumer behavior amid rising costs and inflation.
Andrei Fedotovsky noted that the demand for used luxury goods surged after sanctions, as owners sought to recoup costs while buyers found affordable options.
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