Industry Analysis & Industry Trends
The Used Goods Stores industry in Canada runs countercyclical to the overall economy. Due to the nature of the industry's products, when per capita disposable income is low, demand is high for used, and therefore cheaper, products. In the five years to 2020, as the economy recovers, industry growth will slow significantly... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Used Goods Stores industry is in the mature stage of its economic life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an average annual rate of only 0.6% over the 10 years to 2020. By comparison, Canadian GDP is projected to rise at an annualized 2.2% in the same period. Growth in IVA that is similar or in-line with overall GDP growth, is typical for an industry in its mature life cycle phase.
Households with below-average income levels are considered to be the core buyers of industry products, as these consumers have limited discretionary cash and use thrift shops to save on a wide array of goods... purchase to read more