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    Used Merchandise Stores Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 5/10/2021
    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 $15 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 reach about $64 billion by 2024, according to Statista.3 Over the past three years, resale has grown 21 times faster than the broader retail apparel market, according to Global Data Market Sizing. Style- and sustainability-conscious millennials and Generation Z are driving growth, with 18 to 37-year-olds adopting secondhand apparel 2.5 times faster than other age groups, according to Forbes. More recently, widespread unemployment ...

     
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