Thrift stores boom as Twin Cities shoppers seek savings
Twin Cities shoppers looking for savings and sustainability have lots of options thanks to the metro's thriving thrift store scene.
Why it matters: Buying second hand is an easy way to reduce shopping sticker shock without sacrificing quality or style.
State of the racks: Cost concerns related to inflation, President Trump's shifting tariff targets, supply chain issues and broader economic uncertainty are driving an uptick in business at thrift and consignment stores across the country.
What they're saying: While resale does well all the time, "it does even better during an economic turn down," Adele Meyer, executive director of the National Association of Resale Professionals, told Axios.
Case in point: Tom Canfield, who oversees local Salvation Army thrift stores, told WCCO last month that the retailer has seen an increase in foot traffic this year.
"Shoppers are more savvy, and that's one of the reasons why we do so well," said Canfield, who plans to open five more stores in the metro in the next five years.
Reality check: The popularity of secondhand shopping was on the rise before the onset of trade wars sent shockwaves through the economy.
Zoom in: A 2024 Recommerce Report from Offerup found that 35% of shoppers embarked on their first resale journey in the past year — an 8% year-over-year increase.
A majority of shoppers said they turned to resale due to increased cost of living (58%) or cost savings compared to buying new (53%).
What we're watching: Monday's announcement that the U.S. and China will slash tariff rates for 90 days could trigger a surge in ordering activity by U.S. businesses, as companies that held off due to the high tariffs rush to restock inventory.
But disruptions in global shipping could still impact retail supply — and prices — in the weeks ahead.
🛍️ Bonus: Three thrift stores to check out
Here are three of our favorite under-the-radar independent spots to thrift in the Twin Cities:
🐈 Nine Lives Thrift (1165 7th St W, St. Paul): Though it's only been open for less than a year, this bright, cheery and cat-themed West Seventh shop quickly became a top pick for unique modern and vintage clothing for all.
Open Wednesday-Sunday, hours vary. Bonus: You may get to see shop dog Reba!
🏫 Old School (1901 Nicollet Ave, Minneapolis): The long-running nonprofit near downtown Minneapolis is an ideal stop for wacky items, home goods, books and clothing — and with most items under $10, it's one of the cheapest spots in the Cities.
Open Wednesday-Sunday 11am-5pm. Our tip: Don't sleep on the jewelry section, it's the best in town.
🫶 Shop for Change (inside PRISM at 1220 Zane Ave N, Golden Valley): With sales benefiting Golden Valley housing + food nonprofit PRISM, this store is known for its high-quality clothing, accessories, art and housewares for reasonable prices.
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Nvidia, Samsung to take stakes in robot AI startup Skild US long-dated debt faces crucial test in $22 billion auction Oracle stock jumps as AI boosts revenue forecast Here are some top stocks trending on Yahoo Finance in premarket trading: Oracle (ORCL) stock rose 8% in premarket trading on Thursday after the tech company raised its annual forecast, driven by demand for its AI related cloud services. "Oracle's once-stodgy image levels up to 'cloud-native mage,' and the competitive map now looks less like a classic three-player real time strategy and more like a battle-royale with everyone dropping in, looking for compute loot", said Michael Ashley Schulman, partner at Running Point Capital Advisors. GameStop (GME) shares slumped on Thursday by 11% after announcing a convertible notes offering. The press release said: "GameStop intends to use the net proceeds from the offering for general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions." Boeing (BA) stock fell 8% before the bell on Thursday after a plane crashed in India, with more than 200 people on board, near the airport in the country's western city of Ahmedabad. The plane, which was headed to Gatwick airport in the UK, crashed in a civilian area. Oil prices pulled back early Thursday morning, reversing earlier overnight gains as traders assessed a US decision to pull some diplomats out of the Middle East. The decision to reduce staffing in Iraq came after Iran threatened to hit US assets in the region ahead of its talks with the US over nuclear-related activity. Brent crude futures fell to under $69 a barrel, while West Texas Intermediate crude traded below $68 a barrel — both down around 1%. 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