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 year...read more.

Industry Statistics & Market Size
Revenue
£2.9bn
Annual Growth 14-19
0.8%
Forecast Growth 19-24
Profit
Employment
28,168
Businesses
4,104

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 Locations Chapter

    The South EastThe South East accounts for the greatest share of establishments with 15.5% of the total. In the South East, inter-regional migration drove population growth and industry revenue during the past five years. The South East has relatively high average income, but also has a higher than average number of retirees. A large number of vintage shops are located in the South East.LondonSecond-hand goods stores in London account for 14.1% of industry establishments. London possesses a higher number of specialist second-hand goods stores that sell higher value products as it has a large and diverse retail industry. Some companies also choose to focus on a particular region due to the logistical and administrative benefits of localising operations. Far...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
    Includes:
  • 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
    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.
  • What Our Customers Say

    Why buy this report?

    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.

    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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