Savers Value Village, the national chain of thrift stores that sells secondhand merchandise, announced this week that it’s using AI to help price its goods in dozens of its 375 stores. But the company denies that it’s going to be used for so-called dynamic or surveillance pricing, the practices of changing the price quickly based on market conditions or the individual characteristics of who’s doing the buying.
The AI platform is called ThriftIQ and it aims to take the guess work out of pricing the goods that it sells. The company pays non-profit organizations for things like clothes and household items and then turns around and sells them for…
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