Another man’s treasure: The number of companies in the industry is ultimately expected to riseAbstractUsed Goods Stores in the US
The Used Goods Stores industry has outperformed the overall retail market over the five years to 2017, benefiting from both a slow economic recovery and rising demand from younger consumers. Low per capita disposable income early during the five-year period forced many consumers to cut discretionary spending. As a result, many consumers who customarily shopped at department stores turned to industry establishments to purchase inexpensive used goods. Largely a result of rising disposable income and competition levels, industry revenue is projected to rise at a slightly slower annualized rate over the five years to 2022.
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.