After more than 20 years in the Madison retail market, Savers will soon have no presence in the city and only one store remaining in Wisconsin.
The for-profit company, based in Bellevue, Washington, will close its thrift store at 2002 Zeier Road on Madison’s East Side on May 12, according to employees. The closing will leave the Savers in Eau Claire as the only Wisconsin store for the privately held chain that has been shuttering stores in recent years. The company has over 330 locations around the world that include other brands like Value Village, Unique, Village des Valeurs and Savers Australia.
Savers opened its first Madison location in 1997 with a store in the former Sentry Foods store at East Washington Avenue and First Street. The store closed in 2007 but reopened a few months later in a space on Zeier Road that had been home to a Gander Mountain, which relocated to a larger store at Highway 51 and Interstate 39-90-94.
In 2007, Savers opened a store at 7333 West Towne Way in what had been home to a World Market that relocated its business to Greenway Station. The Savers, however, closed in 2014, leaving the East Side store as its lone Madison location.
The closing of the East Side Savers, located near East Towne Mall and surrounded with retail options, comes at a time when other thrift stores in the Madison area are expanding their reach.
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Goodwill Industries of South Central Wisconsin has a store near the Savers store and in the last year has opened stores on the North Side and in Stoughton to bring its store count to 11. Agrace Thrift Store has two locations in Madison and another in Janesville; Bethesda Thrift expanded its store on Cottage Grove Road last year, while St. Vincent de Paul has been serving Dane County since 1925. It has two thrift stores and a Dig & Save in Madison plus stores in Waunakee, Verona, Sun Prairie and Stoughton.
The anomaly for thrift store closings came in early 2016 when the Salvation Army closed its 18,000-square-foot store on East Washington Avenue.
The closing of the Savers will open another retail space on the East Side, where a nearby Babies “R” Us will also soon close. The 31,810-square-foot Savers property is being advertised by Newmark Grubb Gialamas, a commercial real estate company, as having 129 parking spots, being near East Towne and with “easy access.” At $11 per square foot, the monthly lease for the property, assessed by the city of Madison at $2.8 million, would be about $29,159, according to the real estate listing.
A discount sale is expected to begin in late April, according to store officials.