Secondhand Stores Moving Into the Retail MainstreamTypes of 2nd hand stores2nd hand factsWhat supports 2nd hand stores?ConclusionSlide 6Secondhand Stores Moving Secondhand Stores Moving Into the Retail Mainstream Into the Retail Mainstream By Logan MalloyBy Logan MalloyGina CloepfilGina CloepfilRyan FrickeRyan FrickeTypes of 2Types of 2ndnd hand stores hand storesOnline Online EbayEbayAmazonAmazonClothingClothingGoodwillGoodwillBuffalo exchangeBuffalo exchangeElectronicsElectronicsGame crazyGame crazyShopzillaShopzillaSportsSportsPlay it again sportsPlay it again sportsAppliancesAppliancesEtc.Etc.22ndnd hand facts hand factsIn 2002 about $17 billion spent at 2In 2002 about $17 billion spent at 2ndnd hand hand storesstoresHigh end antiques and furniture sold by auction High end antiques and furniture sold by auction are excludedare excludedOnly represented 2% of all dollars spent on Only represented 2% of all dollars spent on apparel (but growing)apparel (but growing)22ndnd hand stores are gaining reputations for high- hand stores are gaining reputations for high-quality merchandise at low prices. quality merchandise at low prices.What supports 2What supports 2ndnd hand stores? hand stores?''Some people get tired of things very quickly'' ''Some people get tired of things very quickly'' Rapid changes in technologyRapid changes in technologyUsed musicUsed musicMore attractive to shoppersMore attractive to shoppers““Goodwill Industries International, for example, has Goodwill Industries International, for example, has added coffee bars to a half-dozen stores and has added coffee bars to a half-dozen stores and has begun putting couches in its used-book areas so begun putting couches in its used-book areas so customers can loll about.”customers can loll about.”ConclusionConclusion22ndnd hand stores used to be targeted hand stores used to be targeted towards minoritytowards minorityConsumers now look to 2Consumers now look to 2ndnd hand stores for hand stores for hot deals on high quality goodshot deals on high quality goods22ndnd hand stores using sophisticated hand stores using sophisticated marketing techniques and opening marketing techniques and opening multiple locationsmultiple locations22ndnd hand stores will continue growing while hand stores will continue growing while stealing a share of consumers’ spendingstealing a share of consumers’ spendingSource: Source:
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