Huge global retailer to launch in Sydney

A global retail giant has signed a lease for warehouse space in western Sydney and is recruiting for staff, signalling its intent to finally launch in Australia’s biggest city.

EXCLUSIVE

A global retail giant has signed a lease for warehouse space in western Sydney and is recruiting for staff, signalling its intent to finally launch in Australia’s biggest city.

Savers, one of the world’s largest second-hand chains, has over 300 stores across the US and Canada.

In Australia, it operates 12 warehouse-style thrift stores, nine in Melbourne and three in Adelaide, selling second-hand clothing, footwear, bedding, furniture, books, electronics, homewares and toys.

Savers operates 12 warehouse style thrift stores in Melbourne and Adelaide.

Earlier this month, the company signed a lease on a 1530 square metre warehouse and office site in the western Sydney suburb of Regents Park, and is advertising for Sydney-based store and warehouse staff on its website.

The first Sydney Savers store looks set to open in the outer western suburb of Hoxton Park, although an opening date has not been announced.

News.com.au has contacted Savers for comment.

On its website, the company is advertising for a store manager, assistant store manager, retail team leader and onsite production team members for the Hoxton Park store.

“The time has come for us to branch into Sydney after 25 years of solid performance in Melbourne and Adelaide,” the job ads read.

“Reporting to the District Manager, the Store Manager is responsible for opening our first ever store in Sydney!”

The chain is popular with thrifters.

The Washington-based company opened its first store in 1954 in a defunct movie theatre in San Francisco.

Savers operates a for-profit business model, but buys much of its merchandise from other thrift stores run by not-for-profits.

In some parts of the US and Canada its stores trade under the Value Village and Unique brands.

Savers listed on the New York Stock Exchange in June last year, and reported sales of US$1.4 billion (A$2.1 billion) for a net profit of US$85 million (A$130 million) in the year to December 31, 2023.

Reporting its 2023 results the company said it has 22 store openings planned globally for 2024.

Originally published as Huge global retailer to launch in Sydney