NAICS 45331 - Used Merchandise Stores
This industry comprises establishments primarily engaged in retailing used merchandise, antiques, and secondhand goods (except motor vehicles, such as automobiles, RVs, motorcycles, and boats; motor vehicle parts; tires; and mobile homes).
Industry trends:
NAICS 45331, which encompasses Used Merchandise Stores, has been experiencing several qualitative trends recently. One of the most notable trends is the growing consumer preference for sustainable and eco-friendly shopping options. More people are becoming environmentally conscious and are seeking ways to reduce waste, making used merchandise stores an appealing option. This shift is partly driven by younger generations, particularly Millennials and Gen Z, who are more attuned to sustainability issues.
Another trend is the increasing role of online platforms and digital transformation. Many used merchandise stores are integrating e-commerce capabilities to reach a broader customer base. This includes leveraging social media channels and online marketplaces to sell their goods, thus expanding beyond their local communities.
Vintage and unique items are also becoming increasingly popular. Consumers are looking for one-of-a-kind pieces that have character and history, which has led to a rising interest in vintage clothing, antique furniture, and retro collectibles. This trend is not only about fashion but also encompasses home decor and other categories.
Looking towards the near future, it is anticipated that these trends will continue to develop. The emphasis on sustainability is likely to grow stronger, with more consumers opting for second-hand goods as part of a larger movement towards circular economies. Additionally, advancements in technology will likely further enhance the online presence of used merchandise stores, making it easier for consumers to find and purchase second-hand items. This digital shift could also lead to better inventory management and customer service through the use of data analytics and artificial intelligence.
This industry is comprised of:
Antique dealers (except motor vehicles)
Antique shops
Apparel stores, used clothing
Appliance stores, household-type, used
Bicycle (except motorized) shops, used
Book stores, used
Clothing stores, used
Consignment shops, used merchandise
Flea markets, used merchandise, permanent
Furniture stores, used
Music stores (e.g., cassette, instrument, record, tape), used
Rare manuscript stores
Record stores, used
Second-hand merchandise stores
Sporting goods stores, used
Thrift shops, used merchandise
Used bicycle (except motorized) shops
Used merchandise dealers (except motor vehicles and parts)
Used merchandise stores
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.