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 Key Buyers Chapter
The four largest players in the Second-Hand Goods Stores industry are the British Heart Foundation, Oxfam GB, Cancer Research UK and Barnardos. IBISWorld estimates that these retailers control 17.4% of the industry, indicating a low concentration level. These larger players have increased their market share over the past five years by opening more stores. The larger retailers in the industry are charities because receiving donations from the public and using volunteers keeps costs down. Poor economic conditions at the beginning of the five-year period provided strong demand for these retailers. However, the majority of enterprises in the industry are for-profit organisations that purchase used items and sell them on for a small profit. Cas.. purchase to read more