Savers Value Village is the largest for-profit thrift retailer in the U.S. and Canada, operating 367 stores across the U.S., Canada, and Australia under banners including Savers, Value Village, Unique, and 2nd Ave. Savers sells secondhand clothing, home goods, shoes, accessories, and books through physical stores only — there is no e-commerce channel, as the in-store "treasure hunt" experience is core to the concept. Rather than buying inventory from manufacturers or distributors, Savers sources merchandise by purchasing donated goods from non-profit partners (NPPs) at a contractual price per pound. Donations arrive through on-site donation centers attached to stores, off-site attended donation stations (GreenDrop), and goods delivered by NPPs. Goods that don't sell at retail are sold into global wholesale markets. Savers makes money by processing and merchandising donated goods and selling them at retail prices averaging ~$5 per unit, targeting prices 40%–70% below discount retailers. Key profit drivers include sales yield (retail revenue per pound processed), supply mix (lower-cost, higher-quality on-site donations now represent 78% of supply, up from 53% in 2019), and processing efficiency. The business has no direct tariff exposure since supply is locally sourced. Savers reports two segments: the U.S. (~57% of sales), which management views as underpenetrated and the primary growth engine, and Canada (~43% of sales), a more mature market. New store expansion is the top capital priority, targeting ~25 openings annually, with centralized processing centers enabling stores in locations that can't support on-site processing.