Savers Value Village rolls out AI tool to price thrift items
The AI pricing tool ThriftIQ has been deployed in 58 pilot Savers Value Village stores, pricing more than 25 million items, with plans to double that by year-end. Developed with Kaizen Analytix using Savers’ proprietary data, it aims for more predictable pricing while keeping average prices about 40% to 70% below traditional retail. Savers also reported Q2 net sales of $448.2 million, up 7.4%, and net income of $21.6 million.