this post was submitted on 01 Feb 2024
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This is the best summary I could come up with:
U.S. private equity firm Ares Management is a majority shareholder, and helped take the company public last year.
The business model is pretty simple: All of its inventory comes from secondhand donations, some of which are collected by non-profit partners.
Consumers mentally organize retailers into certain categories, explained Matthew Philp, a marketing professor at Toronto Metropolitan University.
But Philp said companies can walk a fine line, as customers who feel duped by a retailer are less likely to return.
Value Village says thousands of items come through each of its stores every week, and that staff try to price products accurately.
CBC's Marketplace and Streets Cents are teaming up to take a closer look into the Value Village pricing controversy.
The original article contains 725 words, the summary contains 119 words. Saved 84%. I'm a bot and I'm open source!