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 Analysis Chapter
Performance for the Used Goods Stores industry can be negatively correlated with general macroeconomic trends and particularly sensitive to changes in disposable income and national unemployment. During and shortly after the Canadian recession, a sharp increase in unemployment and decline in per capita disposable income resulted in surging industry revenue in 2010. With lowered employment prospects and less money to spend, consumers increasingly turned to used goods stores to minimize expenditures on items like clothes and furniture.
However, more recent economic trends have had a sobering effect on the industry... purchase to read more