Goodwill thrives in uncertain economy
(CNN)– Goodwill is doing quite well.
The largest thrift store chain in the world says it exceeded seven-billion dollars in revenue last year.
That’s not only a record-setting high, it’s also a 7% hike from 2024.
Analysts say the uncertain economy, slow job growth and a rise in costs have more people shopping at Goodwill stores in order to save money.
Goodwill gathers roughly 6-billion pounds worth of goods on an annual basis.
Items that end up not getting sold in their stores are sent to outlets where they are sold at major discounts.