Savers Value Village's stock rose 3.2% Monday, after analysts initiated coverage of the stock that hit public markets in June with a slew of buy ratings.
Savers Value Village’s stock rose 3.2% Monday, after analysts initiated coverage of the stock that hit public markets in June with a slew of buy ratings.
The company is the biggest for-profit thrift-store chain in North America, with 317 stores that operate under multiple names. The forecast for the U.S. secondhand market represents compound annual growth rates between now and 2026 of more than 18%, the analysts wrote. That’s well ahead of expected growth for apparel and footwear with more than one in three U.S. shoppers and nearly half of Canadian shoppers surveyed recently reporting that they care more about the environmental impact of their clothing choices today than they did three years ago.
Revenue for the quarter came to $327.5 million, down from $345.7 million in the year-ago period. Revenue totaled $1.4 billion for 2022, up from $1.2 billion in 2021.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abbott’s Billion-Dollar Barrier Barrels ForwardTexas' border wall is raising concerns about wildlife, public thrift, and property rights. (Via TexasObserver)
Read more »
How two Utah State students’ class project turned into a mobile thrift shopTwo Utah State students pitched the idea of a mobile thrift shop to their entrepreneurship class. A year later, Thrift Jam is showing signs of success.
Read more »
NYPD arrests convicted sex offender accused of terrorizing women in the East Village after Post exposeA homeless, convicted sex offender who had been terrorizing women in the East Village, was jailed less than a day after the Post published an expose about his frightening behavior, authorities said…
Read more »
Column: Chicago Cubs' Cody Bellinger increases trade valueCody Bellinger has increased his trade value with a red-hot month, and the Chicago Cubs are inching toward being sellers at the Aug. 1 deadline.
Read more »