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          1. Used Merchandise Stores Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/31/2020
            SIC Codes: 5932
            NAICS Codes: 453310
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Used Merchandise Stores Industry Profile

            Companies in this industry sell used merchandise such as clothing, antiques, furniture, books, and jewelry. Major companies include Goodwill, The Salvation Army, Savers, and Winmark (all based in the US), Bookoff (Japan), and Oxfam (UK).

            The used merchandise stores industry in the US includes about 20,000 stores with combined annual revenue of about $17.6 billion.

            The industry includes resale shops, consignment shops, thrift shops, and antique stores. Excluded are stores that sell used cars, boats, trailers, and mobile homes. Pawn shops, which sell a variety of used merchandise but generate most of their revenue from interest and fees on loans, are discussed in this profile but not included in store count, revenue, or employment statistics.

            COMPETITIVE LANDSCAPE

            Changes in consumer buying habits and an influx of new competitors and investor money are enlarging and reshaping the market for used apparel. Resale disruptors such as thredUP, TheRealReal, and Poshmark are driving growth in the total secondhand apparel market (includes the resale and thrift and donation sectors), which is expected to more than double from $24 billion in 2018 to $51 billion in 2023. Over the past three years, resale has grown 21 times faster than the broader retail apparel market, according to Global Data Market Sizing cited in ThredUP's 2019 Resale Report. Style- and sustainability-conscious millennials and Generation Z are driving growth, with 18 ...

             
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