Savers Inc., a Bellevue, WA-based thrift store chain, is purchasing 18 stores from Unique Thrift LLC. The acquisition would bring its total number of stores to 270 across the U.S., Canada and Australia.
The addition of the Unique Thrift stores increases Savers' reach in existing and new markets by expanding the company's presence in Minnesota, Missouri, Colorado, and adding stores for the first time in Maryland, Virginia and Kentucky. The financial terms of the transaction were not disclosed.
Savers has expanded over the last few years, and the company plans to open more than 100 new stores in new and existing markets over the next five years.
Savers stores have a unique business model of purchasing, reselling and recycling donated items. Every location has a local nonprofit partner in its community, and each store pays its nonprofit partner for every secondhand item donated, including clothing, housewares, furniture and more.
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