Retail sale of second-hand goods in stores

NACE v2.0 Code: G47.79

About retail sale of second-hand goods in stores

NACE code 47.79 covers the retail sale of second-hand goods in stores. This industry plays a vital role in the circular economy, providing a sustainable outlet for used items and giving them a new lease on life. By diverting goods from landfills, the second-hand retail sector contributes to environmental conservation and resource efficiency. It also offers affordable shopping options for consumers, making quality products accessible to a wider range of the population.

Production process

The retail sale of second-hand goods in stores involves the acquisition, processing, and resale of used items. Stores in this industry typically source their inventory through donations, estate sales, and purchases from individuals or other retailers. The goods are then cleaned, repaired (if necessary), and prepared for display and sale to customers. Effective inventory management, pricing strategies, and customer service are crucial for the success of second-hand retail businesses.

Production inputs

The main inputs required for the retail sale of second-hand goods in stores include the used items themselves, which are acquired from various sources. Additionally, stores may require storage space, display fixtures, and basic cleaning and repair supplies to prepare the goods for resale. Skilled personnel, such as sales associates and inventory managers, are also essential inputs for this industry.

Production outputs

The primary output of the retail sale of second-hand goods in stores is the sale of used items to consumers. These goods may include clothing, furniture, electronics, books, and a wide range of other products. The second-hand retail industry serves as a supplier to 47.91 Retail sale via mail order houses or via Internet and 47.99 Other retail sale not in stores, stalls or markets, as these channels may also offer second-hand merchandise.

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 48 versions of this code (47.79) is in the NACE v2.1 system:

This page shows a legacy version of code 47.79 ( NACE v2.0).

Related ISIC Codes

These isic codes are related to this econ code: (47.79).

ISIC code ISIC Version ISIC title
4774ISIC v4.0Retail sale of second-hand goods

Family tree for retail sale of second-hand goods in stores

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

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

    

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