Another man's treasure: The number of companies in the industry is ultimately expected to rise

The Used Goods Stores industry has outperformed the overall retail market over the five years to 2017, benefiting from both a slow economic recovery and rising demand from younger consumers. Low per capita disposable income early during the five-year period forced many consumers to cut discretionary spending. As a result, many consumers who customarily shopped at department stores turned to industry establishments to purchase inexpensive used goods. Largely a result of rising disposable income and competition levels, industry revenue is projected to rise at a slightly slower annualized rate over the five years to more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
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Industry Threats & Opportunities

  • As the economic recovery gains traction, external competition will continue to increase
  • The Used Goods Stores industry has been dominated by nonprofit organizations
  • Many young consumers will continue shopping at used goods stores
  • Industry Report - Industry Locations Chapter

    Similar to most retail industries in the United States, the geographical spread of used goods establishments closely mirrors the distribution of the population. For example, the Southeast region accounts for an estimated 27.8% of industry establishments and 25.7% of the population. Similarly, the region with the second-largest share of industry establishments, the West, accounts for 15.8% of total stores and contains 17.3% of the population.However, the Mid-Atlantic region slightly deviates from this trend, accounting for an estimated 12.4% of industry establishments but 15.2% of the population; as a result, the percentage of industry establishments in this region is significantly lower than its population size would suggest. The...purchase to read more.

    Additional Insights for the Used Goods Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Used Goods Stores Industry are

  • Economies of scope
  • Attractive product presentation
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Poverty rate in the Used Goods Stores industry impact industry performance..

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    What is the Used Goods Stores Industry?

    Used goods stores collect or purchase used merchandise and sell these goods directly to consumers. The industry includes thrift stores and pawnshops, but excludes stores that sell secondhand motor vehicles and parts such as automobiles, recreational vehicles, motorcycles, boats and tires.

    Industry Products
  • Clothing, footwear and accessories
  • Furniture, appliances and home furnishings
  • Entertainment, recreation and culture products
  • Antiques and collectables
  • Industry Activities
  • Selling used women's, juniors' and misses' wear
  • Selling used furniture, sleep equipment and outdoor furniture
  • Selling used books
  • Selling used kitchenware and home furnishings
  • Selling used jewelry and watches
  • Selling used children's wear
  • Selling used men's wear
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Poverty rate
  • National unemployment rate
  • Number of broadband connections

  • Current Performance
  • An expanding retail presence
  • New customers for used goods
  • Chart: Revenue Growth

  • Industry Outlook
  • Slower growth
  • Online competition intensifies
  • Table: Used Goods Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Used Goods Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Orphanages & Group Homes
  • Adoption & Child Welfare Services
  • Consumers

  • Key Selling Industries
  • Business Service Centers
  • Consumers
  • Private Schools
  • Public Schools

  • Products & Services
  • Clothing, footwear and accessories
  • Furniture, appliances and home furnishings
  • Other
  • Antiques and collectables
  • Entertainment, recreation and culture products
  • Chart: Used Goods Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 18 to 44
  • Consumers aged 65 and older
  • Retailers
  • Wholesalers
  • Other
  • Chart: Major Market Segmentation for the Used Goods Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Used Goods Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Used Goods Stores Industry

  • Industry Globalization
    Goodwill Industries International Inc.Savers Inc.Winmark Corporation
  • Table: Goodwill Industries International Inc. - financial performance
  • Table: Savers Inc. - financial performance
  • Table: Winmark Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Used Goods Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Used Goods Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Consignment Shop
  • A used goods store that pays a portion of a sale's proceeds to the original owner of the good.
  • E-Tailer
  • A retailer that primarily sells goods and services via the internet. Many of these companies do not have brick-and-mortar locations.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Why buy this report?

    The Used Goods Stores industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Used Goods Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Used Goods Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Used Goods Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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