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Second-Hand Goods Stores in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Second-Hand Goods Stores Market Research Report | SIC G47.790 | Apr 2017

Like new: External competition from physical and online alternatives has been a challenge

IBISWorld’s Second-Hand Goods Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Oxfam GB Oxfam GB market share
The British Heart Foundation The British Heart Foundation market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 13-18
0.6%
Annual Growth 18-23
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Profit
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Employment
27,183
Businesses
3,724
Industry Threats & Opportunities
  • Cost-consciou consumers have supported industry growth, despite rising competition
  • Supermarkets have expanded their ranges of cheap clothing and household items recently
  • The growth of external competition from pound shops and other value stores is set to continue
  • ... purchase to read more

Industry Analysis & Industry Trends

Operators in the Second-Hand Goods Stores industry sell used items such as clothing, furniture, electrical equipment, books and homeware in stores and online. The industry excludes enterprises that operate solely online. The industry has performed well as economic conditions have improved and incomes have grown in recent years. Although higher disposable income levels tend to discourage demand for second-hand goods, revenue is anticipated to rise over the five years through 2017-18, even as incomes also rise. This indicates that consumers are more cost-conscious as a result of the faltering economic recovery.

Competition in the industry has intensified in recent years... purchase to read more

Industry Report - Industry Investment Chapter

The Second-Hand Goods Stores industry has a low level of capital intensity, in line with the larger retail sector. There is a significant reliance on customer service and satisfaction and employees are required to have excellent customer service skills. Besides their involvement in handling and processing sales, employees are required to restock display shelves, manage inventory and provide customers with assistance. Wage costs vary between operators. Charity retailers rely heavily on volunteers and wage costs are kept low while for-profit operators are expected to pay employees at least the minimum wage. In 2017-18, wages are estimated to account for 16.6% of industry revenue.

Capital expenditure in the industry is limited to store fixtures and fittings, and cash registers. Non.. 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 selling second-hand parts for automobiles, recreational vehicles, motorcycles and boats.

    Industry Products
    ClothingAccessoriesBooksToys, games, DVDs, videos and musicHomeware and soft furnishingsFurniture and electricalsOther products
     
    Industry Activities
    Second-hand clothing and accessory retailingSecond-hand book retailingSecond-hand furniture retailingSecond-hand homeware and soft furnishing retailingSecond-hand music and instrument retailingOther second-hand goods retailing


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Demand from supermarkets
  • National unemployment rate
  • Total online expenditure
  • Current Performance
  • Canny consumers
  • Competitive pressures
  • Charitable profit
  • Chart: Revenue Growth
  • Industry Outlook
  • Trading up
  • Competition rises
  • Improving efficiency
  • Niche appeal
  • 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
  • Products & Markets
    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
  • Accessories
  • Furniture and electricals
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • 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
    Major Companies
    British Heart Foundation
    Oxfam GB
  • Table: British Heart Foundation - financial performance
  • Table: Oxfam GB - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Second-Hand Goods Stores Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Antique
  • 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.

  • Why Buy this Report?
    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 of 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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