Japanese second-hand goods retailer Geo and Bookoff are planning to significantly increase their store count across the US over the next years.

According to Nikkei, Geo Holdings intends to more than double the number of its 2nd Street brand of secondhand clothing stores to 100 by 2028. The company entered the US market in 2018 and currently has 43 locations nationwide.

Geo acquired the operator of 2nd Street in 2010. In Japan, the chain has approximately 850 stores.

For the year ended March 31, Geo’s total overseas sales from secondhand stores rose to 14 billion yen ($93.6 million), with the US among the markets with the strongest growth.

Meanwhile, Bookoff Group looks to grow its US store network from the current 16 to 100 by May 2033. 

The chain offers entertainment products such as books and CDs. More than 90 per cent of its items are purchased locally, while anime-related goods and trading cards are imported from Japan.

Nikkei cited forecasts by research firm Global Information that the worldwide second-hand goods market will expand fourfold to $686.9 billion between 2023 and 2032.

• Further reading: Step inside the UK’s first department store for secondhand clothes