Industry Analysis & Industry Trends
Driving a hard bargain
While the countercyclical Used Goods Stores industry experienced growth during the tumultuous recession, the economy's improvement will hamper demand. Consumer sentiment is somewhat strained, but individuals will look to big box retail stores to purchase new products rather than buy from used goods stores. Tight federal regulations will also cause revenue to shrink, impeding overall growth. The industry will rely on specialization in order to drive demand in the next five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Used Goods Stores industry is considered to have low market share concentration. IBISWorld estimates that the four largest players (Goodwill Industries International, The Salvation Army, Winmark Corporation and First Cash Financial Services) will account for about 32.4% of industry revenue in 2012, having increased from 27.8% in 2007. Concentration has risen slightly mainly due to an improvement of brand image. Because the recession brought in new consumers who used to shop at higher quality stores, used goods stores relied on bolstering their brand image. As a result, the most popular used goods stores became somewhat more trusted and reputable and consumers chose to shop with them instead of mom and pop stores... purchase to read more