Savers Value Village, Inc. Common Stock (SVV)
Frequently Asked Questions About Savers Value Village, Inc. Common Stock (SVV)
How can customers stay informed about Savers Value Village, Inc. promotions?
Customers can stay informed about Savers Value Village, Inc. promotions and special offers by signing up for the company's newsletter, following them on social media platforms, and visiting their official website. The company often shares updates on sales, events, and new inventory, ensuring that shoppers are aware of upcoming opportunities to find great deals while shopping sustainably.
How does Savers Value Village, Inc. handle unsold merchandise?
Savers Value Village, Inc. has a strategic approach to managing unsold merchandise, which may involve recycling or redistributing items that do not sell within a certain timeframe. Unsold items are often donated to nonprofit organizations to ensure they reach individuals in need, or they might be sent to recyclers who can repurpose materials, thus minimizing waste and contributing to sustainability efforts.
How does Savers Value Village, Inc. support local communities?
Savers Value Village, Inc. supports local communities through various initiatives, including partnerships with nonprofit organizations that rely on the company for funding. Additionally, by promoting the reuse and recycling of goods, Savers Value Village contributes to reducing waste and environmental impact. The company also creates jobs within the communities where it operates, helping to stimulate local economies.
How does the donation process work at Savers Value Village, Inc.?
The donation process at Savers Value Village, Inc. is straightforward and convenient for donors. Individuals can drop off their gently used items at designated donation centers located at Savers Value Village stores or schedule a pickup for larger items. The company partners with various nonprofit organizations to manage these donations, ensuring that items are either sold in stores or distributed to those in need, all while generating funds to support community initiatives.
How many locations does Savers Value Village, Inc. have?
As of 2023, Savers Value Village, Inc. operates over 300 stores across the United States and Canada. The company has established a strong presence in these markets, offering a wide range of used goods and contributing to local economies by creating job opportunities within the communities it serves.
Is Savers Value Village, Inc. a publicly traded company?
Yes, Savers Value Village, Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol SVV. This allows investors to buy shares in the company, providing them with an opportunity to participate in its growth and success within the retail thrift industry.
Is Savers Value Village, Inc. involved in any charitable activities?
Yes, Savers Value Village, Inc. is actively involved in charitable activities as part of its business model. The company partners with various nonprofit organizations, providing them with a share of the profits generated through sales from donated goods. These partnerships help fund community programs, support local charities, and empower nonprofits to continue their missions, making philanthropy a vital part of the company's operations.
What are the benefits of shopping at Savers Value Village, Inc.?
Shopping at Savers Value Village, Inc. offers several benefits, including access to a wide variety of affordable second-hand goods, a unique shopping experience with ever-changing inventory, and the opportunity to contribute to sustainability efforts through recycling. Additionally, customers support local communities and nonprofits with each purchase, making thrift shopping at Savers Value Village not only a cost-effective choice but also a socially responsible one.
What are the store hours for Savers Value Village, Inc.?
Store hours for Savers Value Village, Inc. locations may vary by location, but most stores generally operate from 9 AM to 9 PM on weekdays and weekends. It is advisable for customers to check their local store's hours online or contact the store directly for specific operating hours, especially during holidays or special events.
What brands operate under Savers Value Village, Inc.?
Savers Value Village, Inc. operates under several brands, including Savers, Value Village, and Unique. Each brand aims to provide a similar shopping experience focused on offering quality second-hand goods at affordable prices. The branding may vary slightly by geographic location, but the core mission of promoting sustainability through thrift shopping remains consistent across all stores.
What does Savers Value Village, Inc. do?
Savers Value Village, Inc. is a for-profit thrift store chain that offers a variety of second-hand goods, including clothing, household items, and furniture. The company operates under several brand names, including Savers, Value Village, and Unique, and its mission revolves around promoting recycling and sustainability by encouraging consumers to donate and shop for used goods. By giving new life to pre-owned items, Savers Value Village aims to provide affordable products while also contributing to local communities.
What initiatives does Savers Value Village, Inc. have for recycling?
Savers Value Village, Inc. has implemented several initiatives to promote recycling and sustainability, including its focus on accepting and reselling donated items. The company conducts community programs to raise awareness about textile waste and the benefits of reusing goods. They also provide recycling options for unsellable items, ensuring that materials are processed in an environmentally responsible manner.
What is the business model of Savers Value Village, Inc.?
Savers Value Village operates on a unique business model that combines thrift retailing with charity. The company collaborates with nonprofit organizations to source donations of second-hand goods, which are then sold in its stores. A portion of the proceeds from these sales is donated back to the partner nonprofits, allowing Savers Value Village to fund various community programs while also promoting sustainability through recycling and reuse.
What is the company's stance on sustainability?
Savers Value Village, Inc. is committed to sustainability through its business model, which emphasizes the importance of recycling and reducing waste. By promoting the purchase and donation of second-hand goods, the company helps divert millions of pounds of textiles and household items from landfills each year, thereby contributing to environmental conservation and encouraging a culture of reuse.
What is the mission statement of Savers Value Village, Inc.?
The mission statement of Savers Value Village, Inc. focuses on promoting a sustainable shopping experience that benefits both consumers and the community. The company aims to encourage the donation and purchase of second-hand goods while maximizing the positive impact on the environment through recycling and waste reduction, ultimately fostering a culture of reuse and community support.
What types of items can be found at Savers Value Village, Inc. stores?
At Savers Value Village, Inc. stores, customers can find a diverse selection of items, including clothing for men, women, and children, household goods, books, furniture, and various accessories. The inventory changes regularly due to its second-hand nature, making each visit a unique experience as customers hunt for affordable and one-of-a-kind treasures.
When was Savers Value Village, Inc. founded?
Savers Value Village, Inc. was founded in 1954 in San Francisco, California, by William O. Ellison, who started the company with the goal of creating a for-profit thrift store. Over the years, the company has expanded significantly, opening numerous locations across the United States and Canada and evolving into one of the leading retailers in the second-hand market.
Where is Savers Value Village, Inc. headquartered?
Savers Value Village, Inc. is headquartered in Bellevue, Washington. This location serves as the central hub for the company's operations and strategic planning, overseeing its retail locations and corporate functions across North America.
Who are the competitors of Savers Value Village, Inc.?
Savers Value Village, Inc. faces competition from various thrift store chains, consignment shops, and discount retailers. Some of its primary competitors include Goodwill Industries, Salvation Army, and other regional thrift stores. Additionally, online resale platforms like Poshmark and ThredUp also provide competition in the second-hand market, making it essential for Savers Value Village to differentiate itself through its unique shopping experience and community impact.
What is the current price of Savers Value Village, Inc. Common Stock?
The current price of Savers Value Village, Inc. Common Stock is 7.430
When was Savers Value Village, Inc. Common Stock last traded?
The last trade of Savers Value Village, Inc. Common Stock was at 7:00 pm EDT on April 2nd, 2025