Used Goods Stores in the US
The Used Goods Stores industry was able to capitalize on the recession, but industry performance has suffered with the recovering economy. Rising unemployment rates led to decreasing per capita disposable income levels, forcing consumers to cut their discretionary spending. As a result, many consumers who customarily shopped at department stores turned to industry establishments to purchase inexpensive used goods instead of new merchandise. However, revenue is expected to fall, alongside general macroeconomic improvements. Over the five years to 2021, industry revenue is projected increase at a slower pace than the previous five-year period, largely as a result of rising disposable income and competition levels.
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.
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.
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