$1.3bn
$XXX.Xm
5,438
1,299
$XXX.Xm
The Opportunity Shops industry has faced volatile trading conditions over the past few years. Pandemic lockdowns, especially protracted restrictions in Melbourne and Sydney, substantially disrupted demand and op shops were forced to close. It wasn’t practical for many of the smaller op shops to open online stores as some retailers did. Decades high inflation and an associated rise in interest rates has wrought a cost-of-living crisis, which catapulted revenue growth into double digits in 2022-23. Overall, revenue is expected to edge up at an average annual rate of 0.6% over the five years through 2023-24, to reach $1.32 billion. This includes an anticipated decline of 2.9% in 2023-24, following surging growth in the prior year as the cost-living-crisis hit. As most op shops are run as charities, they don’t have an explicit focus on building profit, and any surpluses generated are reinvested into operations. Nevertheless, operating surpluses have increased over the past few years, in line with rising demand.
Industry revenue has grown at a CAGR of 0.6 % over the past five years, to reach an estimated $1.3bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Opportunity Shops in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Clothing and textiles, Homewares, bric-a-brac and books and Furniture and other products. Clothing and textiles is the largest segment of the Opportunity Shops in Australia.
Pre-owned clothing is in high demand among younger generations and Australians facing a cost-of-living crisis
This industry is composed of stores that sell donated or recycled goods to customers, with the intent of donating a significant portion of their proceeds to charity. This industry is a subcategory of the Antique and Used Goods Retailing industry, but excludes stores that don’t rely on donated goods.
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ANZSIC 4273 - Opportunity Shops in Australia
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Consumer spending at op shops has fluctuated substantially over the past few years. Sales were volatile during the pandemic with major states in and out of lockdowns, but sal...
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Demand for clothing and accessories has risen over the past few years. This has been largely driven by younger generations' interest in pre-owned, vintage clothing and Austra...
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Market share concentration among op shops in Australia is moderate. The Salvation Army and the St Vincent de Paul Society are the two largest operators, accounting for close ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Opportunity shops are regulated by the Australian Charities and Not-for-profits Commission. The Federal Government established this body in July 2012 in an effort to maintain...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Operating surpluses serve as an indicator of op shop profitability, with excess revenue funding various charitable programs. Op shops have seen growth in operating surpluses,...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Opportunity Shops industry in Australia is $1.3bn in 2024.
There are 1,299 businesses in the Opportunity Shops industry in Australia, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Opportunity Shops industry in Australia has been growing at a CAGR of 0.6 % between 2019 and 2024.
Over the next five years, the Opportunity Shops industry in Australia is expected to grow.
Clothing and textiles and Homewares, bric-a-brac and books are part of the Opportunity Shops industry.
The level of competition is high and increasing in the Opportunity Shops industry in Australia.