Do some research and write a paragraph of 400 words about the external analysis of Goodwill Niagara.
External assessment: examine the structure and dynamics of Goodwill Niagara's environment (Based upon your understanding of their industry, markets, and "environment")
Their website: https://www.goodwillniagara.com/
The attachments below are some report of Goodwill Niagara.Thrift StoresMay 2018 1 WWW.IBISWORLD.COM Thrifty business: The recession proved a boon for the industry, but recovery has constricted growth This report was provided to Brock University (2129522200) by IBISWorld on 14 September 2018 in accordance with their licence agreement with IBISWorld IBISWorld Industry Report OD5525 Thrift Stores in the US May 2018 Anya Cohen 2 About this Industry 16 International Trade 2 Industry Definition 17 Business Locations 2 Main Activities 2 Similar Industries 19 Competitive Landscape 32 Industry Data 2 Additional Resources 19 Market Share Concentration 32 Annual Change 19 Key Success Factors 32 Key Ratios 3 Industry at a Glance 4 Industry Performance 22 Barriers to Entry 4 Executive Summary 23 Industry Globalization 4 Key External Drivers 6 Current Performance 24 Major Companies 9 Industry Outlook 24 Goodwill Industries International Inc. 31 Industry Assistance 32 Key Statistics 19 Cost Structure Benchmarks 21 Basis of Competition 11 Industry Life Cycle 25 Savers Inc. 13 Products & Markets 28 Operating Conditions 13 Supply Chain 28 Capital Intensity 13 Products & Services 29 Technology & Systems 14 Demand Determinants 29 Revenue Volatility 15 Major Markets 30 Regulation & Policy 33 Jargon & Glossary www.ibisworld.com | 1-800-330-3772 | info @ibisworld.com Thrift Stores in the USMay 2018 2 WWW.IBISWORLD.COM About this Industry Industry Definition This industry is composed of stores that sell (mostly donated) used goods, with the intent of donating a significant portion of their proceeds to charity. This industry is a subcategory of the Used Goods Stores industry (IBISWorld Main Activities The primary activities of this industry are report 45331), but excludes consignment shops, antiques shops, rare books stores, used records stores and other resale shops that do not allocate a significant portion of their revenue to charitable activities. Retailing used apparel Retailing used books Retailing used furniture Retailing used household appliances Retailing used merchandise Retailing used sporting goods Retailing of other used goods The major products and services in this industry are Clothing, accessories and footwear Furniture, kitchenware and home furnishings Other Similar Industries 45291 Warehouse Clubs & Supercenters in the US Operators in this industry sell grocery products and general merchandise, such as apparel and appliances. Retailed items are generally sold in bulk and at discounted prices. 45299 Dollar & Variety Stores in the US Operators in this industry retail general merchandise, including apparel, hardware and groceries, with no single line predominating. Industry operators typically sell items at discounted prices. 45331 Used Goods Stores in the US Used good stores collect or purchase used merchandise and sell them directly to consumers. The Thrift Stores industry is a subcategory of this industry. Additional Resources For additional information on this industry www.nrf.com National Retail Federation www.narts.org The Association of Resale Professionals www.thethriftshopper.com The Thrift Shopper Provided to: Brock University (2129522200) | 14 September 2018 WWW.IBISWORLD.COM Thrift Stores in the US May 2018 3 Industry at a Glance Thrift Stores in 2018 Key Statistics Snapshot Revenue Annual Growth 13–18 Annual Growth 18–23 Profit Wages Businesses $14.4bn 1.6% $777.4m $3.2bn Per capita disposable income Revenue vs. employment growth % change Goodwill Industries International Inc. 59.3% Savers Inc. 10.0% 12 4 8 2 % change Market Share 0.1% 54,639 4 0 0 -2 -4 Year 10 12 14 Revenue 16 18 20 22 24 -4 Year 11 13 15 17 19 21 23 Employment SOURCE: WWW.IBISWORLD.COM p.