Used Merchandise Stores

Used Merchandise Stores

Brief Excerpt from Industry Overview Chapter:

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).

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. Re-commerce companies, including the RealReal, Poshmark, and ThredUp, are forecast to account for about 20% of the clothing industry by 2031, according to RetailDive. The global secondhand apparel market will grow by nine times as compared to the broader retail clothing, according to ThredUp. Majority of Gen-Z shoppers prefer to buy sustainable brands and are most willing to spend 10% more on sustainable products, according to Forbes. More recently, widespread unemployment and economic hardship caused by the COVID-19 pandemic should favor secondhand sales as consumers look to save money.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include antiques, collectible, and art (over 50% sales), clothing footwear and accessories (about 30%), and used home furniture, household appliances, and home furnishings (about 10%). Other products include used home entertainment. antiques over 100 years old, and collectibles.