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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 2016

Trouble in store: Operators are set to struggle as competition intensifies and demand declines

IBISWorld’s Second-Hand Goods Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 12-17
1.5%
Annual Growth 17-22
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Profit
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Employment
27,102
Businesses
3,746
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. High unemployment, low consumer confidence and constrained incomes at the beginning of the period drove consumers to seek out bargains in an effort to reduce their expenditure. Although higher disposable income levels tend to discourage demand for second-hand goods, revenue is anticipated to rise overall during the five years through 2016-17, even as incomes also rise... 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 2016-17, wages are estimated to account for 16.8% of industry revenue.

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

 


Industry ProductsRelated ReportsTable of Contents

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


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