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Article: Second-hand retailers score during recession.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(Dateline: Dallas )
The recession has taken its toll on many large US retailers but smaller ones catering to the second-hand market are flourishing as the cash-strapped seek the holy grail of the American consumer: a bargain.
In August the National Association of Resale and Thrift Shops (Narts), which claims to be the world's largest resale trade association, said a survey of its membership about second quarter sales in 2009 compared to the same period in 2008 showed increasing turnover in the second-hand sector.
"Of the 263 stores that responded, 64.1 per cent said sales increased -- with an average increase of approximately 31 per cent -- ...