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                            November 22, 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. 5 to
Registration Statement on Form S-1
                                                            Filed November 10,
2022
                                                            File No. 333-261850

       Dear Mark 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.

       Amendment No. 5 to Form S-1 Filed November 10, 2022

       Management's Discussion and Analysis of Financial Condition and Results
of Operations
       Cash Flows
       Comparison of nine months ended October 1, 2022 (Successor) and nine
months ended October
       2, 2021 (Successor)
       Cash Provided by Operating Activities, page 121

   1.                                                   Your disclosure appears
to focus on how the reported amount of cash flow of operating
                                                        activities was derived
for each period. Your disclosure should provide a comparative
                                                        analysis of changes in
the reported amount of operating cash flow from period to period.
                                                        Refer to the
introductory paragraph of Item 303(b) of Regulation S-K for guidance
                                                        regarding material
changes from period to period. Accordingly, please revise to discuss
                                                        why operating cash flow
decreased from nearly $146 million in the prior year period to
 Mark Walsh
Savers Value Village, Inc.
November 22, 2022
Page 2
      nearly $118 million in the current year period. Also, discuss whether you
expect a lower
      level of operating cash flow to continue and why. Refer to Item
303(b)(1)(i) of
      Regulation S-K regarding any known trend information.
        You may contact Ta Tanisha 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 Lopez
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
November 22, 2022 Page 2
cc:       Lawrence G. Wee
FirstName LastName