"The new, bigger, better Goodwill store is just the latest sign of a booming thrift store business that amounts to a perfect storm for charities from the Salvation Army to Housing Works, collecting and selling clothing and other items. While companies are also fueling and feeding on a thrift boom, the nonprofits also offer tax benefits to donors and use sales to help support their missions."
"A combination of inflation and new tax laws may be turning from a big thing to a bigger thing. A small mountain of donated clothes were piled up inside an Upper West Side Housing Works shop recently. There has been an uptick in the number of people realizing the joys of thrifting, including lower prices, the thrill of the hunt and benefits to the environment, said Melissa Weinstein, spokeswoman for the Salvation Army's Great New York Division, at 120 W. 14th St."
Goodwill Industries of Greater New York and Northern New Jersey is replacing its 14th Street store with a newer, larger location offering a bigger selection on the sales floor. The store will sell clothing, accessories and small items such as lamps, but not furniture. The new location will be half a block from Union Square and is set to open in a few weeks. Nonprofits increasingly operate thrift retail to raise funds, offer tax benefits to donors and support missions through sales. Sales and donations have risen amid inflation, new tax laws and increased public interest in thrifting for affordability and environmental benefits.
Read at www.amny.com
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