18.05.12

A few years ago only about 6 to 8 percent of people frequented such stores at least once during the year, he says.

That covey has almost doubled.

“Many middle-class consumers may be doing some belt tightening, but they still in need of quality,” says Beemer. “Instead of growing to the mall to buy a $300 designer party dress that might come out of the closet tax twice a year, a shopper might buy it at a consignment store for $50 or $60.”

Ken Alterman, chief supervision officer at Savers, the country’s largest for-profit resale restrict with 287 stores, says the company’s ability to set up look for in more prosperous neighborhoods it once couldn’t afford to enter is a bigger contributor to the recent rise in income and education levels of its customers.

“A lot of locations we’ve moved into were left-wing empty by failed businesses, and we’ve gotten some very attractive leasing deals from landlords who want to fill the space,” he says. “Their loss has been our gain.

Source: Firstpost

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