National Real Estate Tenants Association welcomes SAVERS to the family.
SAVERS, INC. headquartered in Bellevue, Washington is a privately held for-profit thrift store retailer offering second-hand merchandise. An international company, Savers has more than 315 locations throughout the United States, Canada, and Australia. Savers receives its merchandise by paying money to nonprofit organizations for donated clothing and household items.
Savers was founded in 1954 in San Francisco, and operates stores under other brand names Value Village, Village des Valeurs, and Unique.
According to the company website, Savers’ business model involves partnership with local non-profits and purchasing and reselling donated items. The non-profits collect and deliver donated goods to Savers, which pays them for the items at a bulk rate regardless of whether they ever make it to the sales floor. As of 2011, the company had paid $1.1 billion to approximately 130 nonprofit partners, and as of 2012, had 315 stores worldwide and reached $1 billion in revenue.
Items deemed resellable are displayed for purchase in stores. Savers also has a recycling program and attempts to recycle any reusable items that cannot be sold at the stores, as well as any items that do not sell over a period of time to make room for fresh merchandise. Savers has buyers for its recyclables throughout the world and attempts to keep as much donated product out of the waste stream as possible. In Minnesota, for example, Savers pays non-profit partners $0.053 per pound of clothing, $0.035 per pound of homewares, $0.02 per pound of books and $0.02 per pound of large items (e.g. furniture). By the end of 2018, the company had discontinued the use of plastic bags in its stores.
NRTA and Savers. An ideal partnership. A history of positive outcomes.
For over 25 years NRTA has followed a business model focused on positive outcomes and SUCCESS for our members — just like Savers, Inc.
According to the company’s 2022 ESG Report, for approximately 70 years, Savers’ “business model has focused on positively impacting the environment, communities, and local nonprofits.” We at NRTA share your focus and welcome you to our team.