Used Goods Stores in Canada
Revenue in this industry is historical countercyclical, rising during periods of poor macroeconomic performance. As Canada endured a slight rise in unemployment between 2015 and 2016, many cash-strapped consumers opted for less-expensive used goods instead of purchasing new items from retail stores, causing industry revenue to modestly increase. Moreover, persistently high unemployment has led to a slight shift in consumer purchasing patterns over the past five years, as individuals and families with less discretionary income continue to buy used apparel and household items to save cash. In the five years to 2022, modest anticipated improvements in the Canadian economy, including a projected rise in per capita income, will have a dampening effect on industry revenue, as consumers switched back to purchasing new items. Moreover, increased competition from discount department stores offering a wide array of new household goods at relatively low prices is expected to further diminish growth.
This industry collects or purchases used merchandise and sells 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.