Retail sale of second-hand goods

NACE v2.1 Code: G47.79

About retail sale of second-hand goods

NACE code 47.79 covers the retail sale of second-hand goods, an important industry that plays a significant role in the circular economy. This sector provides an avenue for consumers to purchase pre-owned items, extending the lifespan of products and reducing waste. By giving new life to used goods, the retail sale of second-hand goods contributes to more sustainable consumption patterns and supports the broader shift towards a more resource-efficient economic model.

Production process

The retail sale of second-hand goods involves the collection, inspection, and resale of previously owned items. Businesses in this industry may source their inventory through a variety of channels, such as accepting donations, purchasing items from individuals, or acquiring goods from liquidation sales. Once obtained, the items are typically cleaned, repaired (if necessary), and prepared for display and sale to customers.

Production inputs

The key inputs for the retail sale of second-hand goods industry include the pre-owned items themselves, which are the primary raw materials. Businesses may also require storage and display space, as well as staff to manage the collection, processing, and sale of the goods. Additionally, some specialized equipment, such as cleaning supplies and basic repair tools, may be necessary to prepare the items for resale.

Production outputs

The main output of the retail sale of second-hand goods industry is the sale of pre-owned items to consumers. These products may be purchased by individuals looking for affordable alternatives to new goods or by those seeking unique or vintage items. The output of this industry can serve as inputs for other NACE codes, such as 95.24 Repair of furniture and home furnishings and 95.25 Repair of watches, clocks and jewellery, where the repaired or refurbished items may be resold.

Revisions to 47.79

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 47.79. The most recent 5 versions of this code (47.79) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 47.79.

Family tree for retail sale of second-hand goods

    graph LR
    A["<a href='/classifications/nace/v2-1/G'>G: WHOLESALE AND RETAIL TRADE</a>"]
A --> B["<a href='/classifications/nace/v2-1/G/47'>47: Retail trade</a>"]
B --> C["<a href='/classifications/nace/v2-1/G/47/7'>47.7: Retail sale of other goods, except motor vehicles and motorcycles</a>"]
C --> D["<a href='/classifications/nace/v2-1/G/47/79'>47.79: Retail sale of second-hand goods</a>"]

    C --> E["<a href='/classifications/nace/v2-1/G/47/71'>47.71: Retail sale of clothing</a>"]
C --> F["<a href='/classifications/nace/v2-1/G/47/72'>47.72: Retail sale of footwear and leather goods</a>"]
C --> G["<a href='/classifications/nace/v2-1/G/47/73'>47.73: Retail sale of pharmaceutical products</a>"]
C --> H["<a href='/classifications/nace/v2-1/G/47/74'>47.74: Retail sale of medical and orthopaedic goods</a>"]
C --> I["<a href='/classifications/nace/v2-1/G/47/75'>47.75: Retail sale of cosmetic and toilet articles</a>"]
C --> J["<a href='/classifications/nace/v2-1/G/47/76'>47.76: Retail sale of flowers, plants, fertilisers, pets and pet food</a>"]
C --> K["<a href='/classifications/nace/v2-1/G/47/77'>47.77: Retail sale of watches and jewellery</a>"]
C --> L["<a href='/classifications/nace/v2-1/G/47/78'>47.78: Retail sale of other new goods</a>"]

    

    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level4
class E level4
class F level4
class G level4
class H level4
class I level4
class J level4
class K level4
class L level4

  class D highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class D highlight