Used Goods Stores in the US
The Used Goods Stores industry has outperformed the overall retail market over the five years to 2018, benefiting primarily from changing consumer trends. The industry has historically performed countercyclical to the overall economy, but as income levels and consumer confidence have increased over the past five years, industry revenue has continued its upward climb. Although per capita disposable income has risen during the period, enabling shoppers to more easily afford new items as opposed to the industry's used ones, revenue has continued to climb as changing fashion trends have led an influx of young consumers to shop at industry establishments. Largely a result of rising disposable income and competition levels, industry revenue is projected to rise at a slightly slower rate over the five years to 2023. However, in response to the increased competition, used goods stores are expected to become more specialized.
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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