NAICS 4533

Used Merchandise Stores

Used merchandise stores (NAICS 4533) - Thrift shops and consignment retailers selling secondhand goods. Industry analysis, trends, and market insights.

Industry at a Glance

Sector-wide aggregates across all businesses classified under NAICS 4533 (2017 classification frame). For specific sub-industries within this sector, see the individual reports below.

In NAICS 2022 this is part of 4595, “Used Merchandise Retailers”, which is broader.

Employment
222K
US Census CBP · 2023 · NAICS 2017
Establishments
19K
US Census CBP · 2023 · NAICS 2017
Annual Payroll
$5.5B
US Census CBP · 2023 · NAICS 2017
Avg Annual Wage
$24,523
Derived from US Census CBP · 2023 · NAICS 2017
Market Size
$14.9B
US Census Economic Census · 2017 · NAICS 2017

Industry Overview

Used merchandise stores (NAICS 4533) comprise retail establishments primarily engaged in selling used goods to consumers, including used clothing, furniture, books, electronics, and general merchandise. This industry group encompasses thrift stores, consignment shops, secondhand retailers, and similar operations that source inventory from donations, trade-ins, and direct purchases from consumers. These retailers play an important economic role by extending product lifecycles, providing affordable shopping options for cost-conscious consumers, and supporting charitable missions in many cases, particularly when operated by nonprofit organizations.

Who Uses These Reports

Trusted by professionals who need verified federal data to make decisions

Investors & PE Firms

Size markets, validate deal theses, and benchmark targets with verified federal data before committing capital

Consultants & Advisors

Deliver data-backed recommendations to clients with sourced and cited industry metrics — Census, BLS, and FRED

Founders & Operators

Validate market entry, benchmark against industry averages, and present credible data to investors and boards

Corporate Strategy Teams

Support expansion planning, M&A due diligence, and executive reporting with NAICS-classified industry data

See what's inside a report

Market sizing, workforce analysis, competitive landscape, regulatory environment — all sourced from Census, BLS, FRED, and SEC EDGAR.

Industry Trends

01

E-commerce expansion in the used goods sector is accelerating as established and emerging retailers develop online platforms and omnichannel capabilities to compete with major marketplaces specializing in secondhand merchandise.

02

Sustainability and circular economy principles are driving consumer demand for used merchandise as environmental consciousness increases and retailers emphasize waste reduction and product reuse.

03

Consolidation and franchising models are emerging as successful regional operators scale their businesses through franchise systems and acquisition of independent used goods retailers.

04

Technology integration including inventory management systems, mobile payment services, and customer analytics is modernizing operations previously dependent on manual processes.

05

Specialized used merchandise categories are experiencing growth, particularly in electronics recycling, designer consignment, and vintage/collectible goods targeting niche consumer segments.

Available Reports

1 industry report available for purchase under Used Merchandise Stores.

Specialty Reports Available on Request

1 specialty industriesavailable on request
▾

Industries

Browse deeper into the NAICS hierarchy.

Frequently Asked Questions

What is NAICS 4533? ▾
NAICS 4533 is the industry classification for used merchandise stores, which are retail establishments primarily selling secondhand or previously owned goods to consumers. This includes thrift stores, consignment shops, secondhand clothing retailers, and general used goods stores. The classification encompasses both for-profit and nonprofit operations engaged in the retail sale of used merchandise.
How do used merchandise stores source their inventory? ▾
Used merchandise retailers source inventory through multiple channels including direct donations (particularly for nonprofit operations), consumer trade-ins, direct purchases from individuals, bulk purchases from liquidators, and estate sales. Many also accept items on consignment from individual sellers who share in the revenue generated from sales. The inventory sourcing model significantly differentiates business operations within this industry group.
What is the relationship between nonprofit thrift stores and for-profit used goods retailers? ▾
Nonprofit thrift stores, often operated by charitable organizations like Goodwill and The Salvation Army, coexist with for-profit used merchandise retailers. While nonprofits typically focus on mission-driven objectives such as job training and community support, for-profit retailers prioritize shareholder returns. Both compete in the same retail space but often target different customer segments and merchandise categories, with some overlap in general household goods and clothing.
How is the used merchandise retail industry impacted by economic conditions? ▾
The industry typically exhibits counter-cyclical characteristics, performing well during economic downturns as consumers seek affordable alternatives to new merchandise. Conversely, during strong economic periods, some consumers shift purchasing toward new goods, potentially reducing traffic. However, growing sustainability consciousness has moderated these cyclical patterns as environmental values increasingly influence purchasing decisions independent of economic conditions.
What operational challenges do used merchandise retailers face? ▾
Key challenges include inventory quality and consistency variability, higher shrinkage and damage rates compared to new merchandise retail, labor-intensive sorting and preparation processes, and the unpredictability of donation and acquisition flows. Additionally, retailers must manage complex pricing strategies for unique items, maintain appropriate store conditions for diverse merchandise, and compete with online secondhand marketplaces that offer wider selection and convenience.

Questions about how we source industry data? See our data sources FAQ.

Don't see your industry?

We can generate a report for any NAICS-classified industry in the US. Professional PDF delivered in 48 hours.