The Thrift Stores industry is countercyclical, with industry performance negatively correlated with general macroeconomic trends, such as income levels and national employment statistics. During the recession, declining per capita disposable income levels and surging unemployment encouraged consumers to shop at thrift stores rather than other retail stores as a means of cutting their overall spending, which boosted industry revenue. In the coming years, Improving domestic economic conditions are expected to hurt industry revenue. Continued growth in disposable income is expected to encourage consumers to opt to purchase new goods at big-box stores, e-tailers and other retailers, rather than spend their money on used goods sold at thrift stores.
This industry is composed of stores that sell (mostly donated) used goods, with the intent of donating a significant portion of their proceeds to charity. This industry is a subcategory of the Used Goods Stores industry (IBISWorld report 45331), but excludes consignment shops, antiques shops, rare books stores, used records stores and other resale shops that do not allocate a significant portion of their revenue to charitable activities.
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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