Brief Excerpt from Industry Overview Chapter:
Companies in this industry sell used merchandise such as clothing, antiques, furniture, books, and jewelry. Major companies include Goodwill, The Salvation Army, Savers, and Winmark (all based in the US), Bookoff (Japan), and Oxfam (UK).
COMPETITIVE LANDSCAPE
Changes in consumer buying habits and an influx of new competitors and investor money are enlarging and reshaping the market for used apparel. The US secondhand apparel market grew five times faster than the broader retail clothing market in 2024, according to ThredUp.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include antiques, collectible, and art (about 95% sales). Other products include used home entertainment, antiques over 100 years old, and collectibles.
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