Used Goods Stores in Canada - Industry Market Research Report

Used Goods Stores in Canada - Industry Market Research Report

  • July 2021 •
  • 47 pages •
  • Report ID: 4564301 •
  • Format: PDF
Thrift stop: Improvements in the economy are expected to dampen industry revenue

Abstract

Used Goods Stores in Canada
The Used Goods Stores industry in Canada sells clothing, antiques and collectibles, books, baby equipment, electronics, furniture, housewares, garden equipment, sporting goods, tools, toys and musical instruments. The industry is best divided into for-profit and nonprofit entities. Nonprofit entities have mostly charitable aims and serve low-income communities, while for-profit industry operators tend to provide high-quality used items at more attractive prices than department stores. Revenue in this industry has historically followed countercyclical patterns, rising during periods of poor macroeconomic performance and declining during periods of economic growth. For this reason, revenue growth was stronger in some of the years leading up to the reporting period due to a higher unemployment rate, as many cash-strapped consumers opted to purchase used goods. Over the five years to 2024, modest improvements in the economy are expected to further dampen industry revenue as consumers continue making the switch back to purchasing a higher proportion of new items.

The Used Goods Stores industry in Canada 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.
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