The Thrift Stores industry is a subsegment of the Used Goods Stores industry (IBISWorld report 45331). While the Used Goods Stores industry includes most kinds of used goods retailers, the Thrift Stores industry only includes nonprofit thrift shops that are legally affiliated with a charity. Antique stores, for-profit thrift stores, pawn shops and used record stores are not included in this industry. As a result of growing consumer spending for most of the past five years and demand for methods for sustainable consumption, industry revenue has increased. Over the past five years, thrift store revenue is expected to have increased at a CAGR of 4.5% to $14.2 billion, including an increase of 1.4% in 2023 alone. Read the full article...
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