Red Flag Alert Update – Savers' Split Personality...
Also, yet again Bolwero throws a gutter ball
There are broken business models. Then there are confused business models.
The more work my friend Katherine Spurlock has done on Savers Value Village SVV 0.00%↑, it appears its business model is very confused...
Or, more to the point: Is it a for-profit thrift store? Or an off-price retailer? Or one masquerading as the other?
What’s clear: This company appears to be unsure of itself and it seems only logical that as it expands – with plans for 2,000 stores at some point in the future compared with around 300 today – that identity crisis might very well intensify.
The initial Red Flag Alerts on Savers discussed how the company blurs the lines between the for-profit and nonprofit worlds of donating to charity.
But the question now... is Savers also blurring the lines between business models?