Dublin, Oct 21, 2020 (GLOBE NEWSWIRE) – The report “Retail sale of second-hand goods in stores in South Africa 2020” has been added to ResearchAndMarkets.com offer.

This report focuses on the second-hand goods retailing in store and includes traditional second-hand goods dealers and franchisees, pawn shops, clothing and book dealers. It excludes the trade in used motor vehicles and motorcycles and the trade in scrap metal, which are classified under different siccode codes.

Retail sale of second-hand goods in stores: The used-goods retail business is often seen as the one for the poor, but the global trend towards high-quality vintage clothing, reused items and environmentally conscious consumption has seen the industry attract buyers who would not normally have considered the second. hand shopping. Due to the enforcement of regulations and the increase in professional franchise operations, the industry is no longer seen as a haven for stolen goods. There are an estimated 22,000 second-hand dealers and pawn shops in South Africa. Most second-hand stores are commercial operations, but some operate on behalf of or for the benefit of a charity.

Cash advances and payday loans: With irregular incomes and high debt levels, many South Africans cannot get loans from traditional lenders such as banks, and many turn to pawn shops who offer cash advances and loans. on salary. Companies like Cash Converters and Cash Crusaders also act as pawn shops by offering secured loans to people using personal items such as cell phones, jewelry, and laptops as collateral. Pledge transactions are not credit agreements but are covered by the National Credit Act.

This report includes information on the state and size of the industry and influencing factors, with profiles of 16 companies, including major franchisors such as Cash Crusaders, Cash Converters and Books Galore. Other companies featured include Capital Pawn and Pawn Stars, as well as second-hand clothing dealer Dlamini, which operates as Flair Vintage, and Botshabelo, which uses sales funds to look after children.

Main topics covered:

1. Introduction

2. Description of the industry
2.1. Industry value chain
2.2. Geographical position

3. Industry size

4. State of the industry
4.1. Local
4.1.1. Developments
4.1.2. Regulations
4.1.3. Business development and economic and social development
4.2. Continental
4.3. International

5. Influencing factors
5.1. Economic environment
5.2. Environmental concerns
5.3. Coronavirus
5.4. Improved business practices
5.5. Cyclicality
5.6. Crime, physical security and cybersecurity
5.7. Information Technology (IT), Research and Development (R&D) and Innovation
5.8. Workforce

6. Competition
6.1. Barriers to entry

7. SWOT analysis

8. Outlook

9. Industry associations

10. References
10.1. Publications
10.2. Websites

Annex

  • Summary of notable players
  • Company Profiles
  • B Dlamini
  • Babette Clothing (Pty) Ltd
  • Books galore CC Headquarters
  • Botshabelo
  • C Fourie
  • C Joel
  • CC Capital Pawn
  • Cash Converters South Africa (Pty) Ltd
  • Cash Crusaders Franchising (Pty) Ltd
  • CC Fundraising Solutions
  • Was Office Furniture (Pty) Ltd
  • L Fieldgate
  • Patou Boutique (Pty) Ltd
  • CC Star Pawn
  • Rags and Lace 2014 (Pty) Ltd
  • T Mullins

For more information on this report visit https://www.researchandmarkets.com/r/7n824s

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