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                             July 28, 2022

       Mark Walsh
       Chief Executive Officer
       Savers Value Village, Inc.
       11400 S.E. 6th Street, Suite 125
       Bellevue, WA 98004

                                                        Re: Savers Value
Village, Inc.
                                                            Amendment No. 3 to
Registration Statement on Form S-1
                                                            Filed July 14, 2022
                                                            File No. 333-261850

       Dear Mr. Walsh:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.
Unless we note
       otherwise, our references to prior comments are to comments in our June
2, 2022 letter.

       Amendment No. 3 to Registration Statement on Form S-1 filed July 14,
2022

       Risk Factor
       Our business depends on our ability to attract and retain suitable
workers..., page 33

   1.                                                   We note your revised
disclosure in response to comment 2. Please clarify if you have
                                                        taken any actions to
mitigate inflationary pressures. In this regard, it is unclear if your
                                                        disclosure relates to
actions planned or taken. For example, we note your disclosure that
                                                           [u]nless we are able
to pass on these increased labor costs to our customers by increasing
                                                        prices for our
products, our profitability and results of operations may be materially and
                                                        adversely affected.
 Mark Walsh
FirstName  LastNameMark
Savers Value  Village, Inc. Walsh
Comapany
July       NameSavers Value Village, Inc.
     28, 2022
July 28,
Page  2 2022 Page 2
FirstName LastName
We are subject to risks associated with our indebtedness and debt service,
including risks related
to changes in interest rates., page 61

2.       Please expand your discussion of interest rates to specifically
identify the impact of rate
         increases on your operations and how your business has been affected.
For example,
         describe whether your borrowing costs have recently increased or are
expected to increase
         and your ability to pass along your increased costs to your customers.
Uncertainty relating to the LIBOR calculation process ..., page 62

3.       Please disclose what the acronym "SOFR" represents regarding the
preferred alternative
         rate pertaining to the Senior Credit Agreement.
Management's Discussion and Analysis of Financial Condition and Results of
Operations, page
92

4.       We note your discussion in the Risk Factor section regarding the
potential impact of rising
         interest rates. Please expand your disclosures here to specifically
address how increased
         interest rates impact your results of operations and financial
condition. For example,
         giving rising rates, describe changes to your pricing strategy in the
near-term, adjustments
         to your planned capital expenditures, expected impacts to your
short-term funding costs
         and the impact on liquidity resulting from your material variable-rate
debt outstanding.
5.       Please expand your discussion of interest rates to describe their
impact on your financial
         condition, including your balance sheet. For example, giving rising
rates, describe the
         impact on your long-term debt and how you are funding these additional
costs.
Results of Operations
Comparison of three months ended April 2, 2022 (Successor) and three months
ended April 3,
2021 (Successor)
Cost of merchandise sold, exclusive of depreciation and amortization, page 105

6.       Please discuss why the percentage of inventory received from OSDs
decreased and if this
         is a known trend. Also, discuss how and why the decrease in the
percentage of inventory
         received from OSDs and an increase in percentage of soft goods
inventory processed
         impacted the increase in the cost of merchandise sold per pound
processed.
Cash Flows
Comparison of three months ended April 2, 2022 (Successor) and three months
ended April 3,
2021 (Successor)
Cash Provided by (Used in) Operating Activities, page 120

7.       Please explain why operating cash for the current year period
decreased by nearly $22
         million from the prior year period. Discuss whether you expect this
lower level of
         operating cash to continue. Refer to Item 303(b) and (c) of Regulation
S-K for guidance
         regarding material changes from period to period and trend
information.
 Mark Walsh
Savers Value Village, Inc.
July 28, 2022
Page 3

       You may contact Tatanisha Meadows at 202-551-3322 or Doug Jones at
202-551-3309 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Jennie Beysolow at 202-551-8108 or Jennifer L  pez Molina at
202-551-3792 with any
other questions.



                                                         Sincerely,
FirstName LastNameMark Walsh
                                                         Division of
Corporation Finance
Comapany NameSavers Value Village, Inc.
                                                         Office of Trade &
Services
July 28, 2022 Page 3
cc:       Lawrence G. Wee
FirstName LastName