Canadians Turn to Thrift Stores Amid Rising Costs
Thrift store summer? Data shows Canadians looking to save as costs bite

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As economic pressures mount, a significant number of Canadians are opting for thrift shopping to save money. A TD Bank survey reveals that 35% plan to spend less this summer, with many turning to second-hand items and loyalty points to manage costs.
- 0135% of Canadians intend to reduce summer spending due to economic pressures.
- 0244% of respondents are using loyalty points this summer to save money.
- 03Value Village reported an 8.9% increase in net sales, reaching $403 million in Q1 2023.
- 04Thrifting is appealing to younger Canadians for its unique finds and affordability.
- 05The cost-of-living crisis is impacting not just lower-income, but also middle-income Canadians.
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Economic uncertainty in Canada is prompting many individuals to seek thrift shopping as a way to save money. A recent TD Bank survey indicates that 35% of Canadians plan to cut back on spending this summer, with 44% citing rising fuel costs affecting their travel plans. The trend towards thrifting is gaining momentum, with 36% of respondents opting for second-hand items. This shift is supported by a Habitat For Humanity Canada survey, which found that over 80% of Canadians believe thrifting is a sensible choice amid cost-of-living challenges. Retail analyst Bruce Winder notes that thrifting has become popular, especially among younger consumers who enjoy the unique finds it offers. Major thrift retailer Value Village reported an 8.9% increase in net sales, totaling $403 million in the first quarter of 2023, highlighting the growing appeal of thrift shopping. The loyalty programs offered by Value Village and other retailers are also becoming crucial for consumers looking to maximize savings. As the affordability crisis widens, it is affecting a broader spectrum of Canadians, including those in middle-income brackets.
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The trend of thrifting is reshaping consumer behavior in Canada, particularly among those facing economic challenges.
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