Thrift stop: Modest improvements in the economy are expected to dampen industry revenue

The Used Goods Stores industry in Canada sells clothing, antiques and collectibles, books, baby equipment, electronics, furniture, housewares, garden equipment, sporting goods, tools, toys and musical instruments. The industry is best divided into for-profit and nonprofit entities. Nonprofit entities have mostly charitable aims and serve low-income communities, while for-profit industry operators tend to provide high-quality used items at more attractive prices than department stores. Revenue in this industry has historically followed countercyclical patterns, rising during periods of poor macroeconomic performance and declining during periods of economic growth...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
0.6%
Forecast Growth 19-24
Profit
Employment
22,463
Businesses
2,428
Market Share of Companies

Industry Threats & Opportunities

  • Increased competition from discount stores offering new household goods at lowered prices is expected to slow industry growth
  • Rising competition from external industries dampened revenue
  • Young consumers present a niche market opportunity to operators
  • Industry Report - Industry Products Chapter

    Men's, women's and children's clothingClothing, which includes footwear and accessories such as women's handbags and jewellery, accounts for an estimated 51.1% of total industry revenue in 2019, and is therefore the largest product segment in the Used Goods Stores industry in Canada. Nonprofit used goods stores, operated by larger industry players such as the Salvation Army and Goodwill Industries International Inc., offer a wide variety of used men's, women's and children's clothing at reduced prices. Most nonprofits have charitable aims, serving low-income communities in addition to other vulnerable populations and individuals. As a result, the prices and margins at these establishments are generally lower than they would be at a consignment shop or other thrift store. The...purchase to read more.

    Additional Insights for the Used Goods Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Used Goods Stores Industry are

  • Attractive product presentation
  • Ability to control stock on hand
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and National unemployment rate in the Used Goods Stores industry impact industry performance..

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    What's in this report

    What is the Used Goods Stores Industry?

    This industry collects or purchases used merchandise and sells these goods directly to consumers. The industry includes thrift stores and pawnshops, but excludes stores that sell secondhand motor vehicles and parts, such as automobiles, recreational vehicles, motorcycles, boats and tires.

    Industry Products
  • Men's clothing
  • Women's clothing
  • Children's clothing
  • Footwear
  • Furniture, housewares and kitchenware
  • Antiques, collectibles, art and novelty items
  • Industry Activities
  • Selling used men's, women's and children's clothing
  • Selling used books
  • Selling used baby furniture and equipment
  • Selling used garden equipment
  • Selling used kitchenware and houseware
  • Selling used toys
  • Selling used musical instruments
  • Selling used electronics
  • Selling used sporting goods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • National unemployment rate
  • Percentage of low income individuals
  • Number of fixed broadband connections

  • Current Performance
  • For-profit establishments on the upswing
  • Increased competition
  • Children’s goods legislation
  • Chart: Revenue Growth

  • Industry Outlook
  • Intensifying competition tempers industry growth
  • Table: Used Goods Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Used Goods Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Healthcare and Social Assistance In Canada
  • Consumers in Canada

  • Key Selling Industries
  • Consumers in Canada
  • Private Schools in Canada
  • Public Schools in Canada

  • Products & Services
  • Antiques, collectibles, art and novelty items
  • Women's clothing
  • Furniture, housewares and kitchenware
  • Footwear
  • Men's clothing
  • Children's clothing
  • Chart: Used Goods Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 25 to 54
  • Consumers aged 14 to 24
  • Consumers aged 55 and older
  • Chart: Major Market Segmentation for the Used Goods Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentOther Costs
  • Chart: Cost Structure Benchmarking – Sector vs Used Goods Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Used Goods Stores Industry

  • Industry Globalization
    The Salvation Army,
  • Table: The Salvation Army - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Used 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 Used 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)
  • Per capita disposable income (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Consignment Shop
  • A used goods store that pays a portion of a sale's proceeds to the original owner of the good.
  • Countercyclical
  • An economic quantity negatively correlated with general macroeconomic conditions.
  • Niche Market
  • A market subset that industry operators cater to with specialized products or services.
  • Point Of Sale (Pos)
  • A retail POS system usually comprises the cash register, which has a computer monitor, cash drawer, receipt printing machine, barcode scanner and debit or credit card reader.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Used Goods Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Used 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 of 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 Used 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 Used 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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