Second-Hand Goods Stores in the UK - Industry Market Research Report

Growth in store: People flock to second-hand shops to keep spending down in the cost-of-living crisis

Second-hand stores have faced somewhat challenging conditions, particularly at the height of the COVID-19 pandemic. Industry revenue is set to edge downwards at a compound annual rate of 1.1% over the five years through 2022-23. Second-hand sales plummeted over 2020-21 with mandatory store closures and falling high-street footfall following the initial pandemic lockdowns. Shoppers flocked to the high street as the economy reopened to grab a bargain.

Second-hand goods stores collect or purchase used merchandise and sell it to consumers. The industry excludes pawnshops, used car retailers and retailers selling second-hand parts for automobiles, recreational vehicles, motorcycles and boats.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.