Giving a hand: The introduction of online operations is expected to support a growth in revenue

The industry sells used items such as clothing, furniture, electrical equipment, books and homeware in stores and online. Operators include both charity retailers and for-profit organisations. Charity retailers typically collect items donated by members of the public and sell them on, using any profit to finance their charitable activities. For-profit stores buy used items and antiques and sell them on for a small profit. The industry excludes online-only enterprises. Second-hand goods tend to be considered inferior goods. As a result, demand generally decreases as incomes rise.Over the five years through 2018-19, industry revenue is expected to grow at a compound annual rate of 0.8% to reach £2.9 billion, including growth of 1.9% in the current more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Competition from supermarkets and discount stores has limited growth over the period
  • Some operators have adopted a ‘superstore’ format, with three or four times more floor space
  • Firms with online operations will be in a better position to cope with rising online competition
  • Industry Report - Industry Analysis Chapter

    The Second-Hand Goods Stores industry has faced somewhat difficult operating conditions over the past five-year period due to intense competitive pressures from supermarkets, discount stores and online consumer platforms limiting demand for bricks-and-mortar stores. However, even as economic conditions have gradually improved over the period, second-hand goods have remained popular, as consumers rediscovered the value of second-hand goods. Demand for bridal wear, furniture and electrical goods has been particularly strong. In addition, companies have introduced new strategies to promote growth, providing online retail platforms and offering superior in-store experiences and services to differentiate themselves from rivals. As ...purchase to read more.

    Additional Insights for the Second-Hand Goods Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Second-Hand Goods Stores Industry are

  • Economies of scope
  • Ability to control stock on hand
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Demand from supermarkets in the Second-Hand Goods Stores industry impact industry performance..

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    What's in this report

    What is the Second-Hand Goods Stores Industry?

    Second-hand goods stores collect or purchase used merchandise and sell it to consumers. The industry excludes pawnshops, used car retailers and retailers sellingsecond-hand parts for automobiles, recreational vehicles, motorcycles and boats.

    Industry Products
  • Clothing
  • Accessories
  • Books
  • Toys, games, DVDs, videos and music
  • Homeware and soft furnishings
  • Furniture and electricals
  • Other products
  • Industry Activities
  • Second-hand clothing and accessory retailing
  • Second-hand book retailing
  • Second-hand furniture retailing
  • Second-hand homeware and soft furnishing retailing
  • Second-hand music and instrument retailing
  • Other second-hand goods retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Demand from supermarkets
  • National unemployment rate
  • Total online expenditure

  • Current Performance
  • Competition
  • Industry developments
  • Growth strategies
  • Challenges
  • Market structure

    and profit

  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue trends
  • Competition rises
  • Future concerns
  • Market structure
  • Table: Second-Hand Goods Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Second-Hand Goods Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Learning Disability, Mental Health & Substance Abuse Facilities
  • Consumers

  • Key Selling Industries
  • Consumers
  • General Secondary Education
  • Primary Education

  • Products & Services
  • Clothing
  • Furniture and electricals
  • Accessories
  • Books
  • Homeware and soft furnishings
  • Other products
  • Toys, games, DVDs, videos and music
  • Chart: Second-Hand Goods Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Lowest quartile income earners
  • Third-highest quartile income earners
  • Second-highest quartile income earners
  • Highest quartile income earners
  • Chart: Major Market Segmentation for the Second-Hand Goods Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Second-Hand Goods Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Second-Hand Goods Stores Industry

  • Industry Globalization
    British Heart Foundation, Oxfam GB, Cancer Research UK,
  • Table: British Heart Foundation - financial performance
  • Table: Oxfam GB - financial performance
  • Table: Cancer Research UK - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Second-Hand Goods Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Second-Hand Goods Stores Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A collectible object such as a piece of furniture or work of art that has a high value because of its age and quality.
  • Business Rates
  • Taxes charged on non-domestic properties to pay for local services.
  • Inferior Good
  • Something for which demand drops when incomes rise.
  • What Our Customers Say

    Why buy this report?

    The Second-Hand Goods Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Second-Hand Goods Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Second-Hand Goods Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Second-Hand Goods Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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