Second-Hand Goods Retailing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2025-2029)

Second-Hand Goods Retailing in the UK industry analysis

Over the five years through 2025, second-hand stores’ revenue is expected to inch upwards at a compound annual rate of 1.8%. In 2025, revenue is slated to rise by 0.6% to €11.2 billion, while the average profit margin is anticipated to stand at 9.6%. The resale fashion market isn’t new. Initially viewed as just charity or thrift shops, consumer attitudes towards second-hand goods have shifted thanks to the sharing economy and Gen Z becoming a larger voice in the retail market. Interest in preloved goods has skyrocketed thanks to heightened environmental concerns and the ethical impacts of fashion – particularly fast fashion. Rising inflation and stagnant economic growth have accelerated a shift towards second-hand shopping across Europe, with consumers seeking affordability, sustainability and style. The second-hand market isn’t just for those looking to save, though, with shoppers turning to luxury handbags, jewellery and watches as alternative investments.

Trends and Insights

• The effect of rampant inflation weak incomes growth proves mixed. Rising prices drive people into preloved shops to refresh their wardrobes for less. However, some people are selling old clothes online to make money instead of donating.
• 18- to 34-year-olds increasingly turn to the second-hand market. Eco-consciousness is high in this age bracket, incentivising people to shop second hand. Affordability and the desire to curate unique looks also encourages them to bring in charity shop hauls.
• Wide product ranges keep market share concentration low. Second-hand stores are a utopia for collectors, with shops often selling various items – from clothing and footwear to furniture and electronics. The diversity makes it challenging to have a cohesive shopping brand.