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ThriftBooks is a large web-based used bookseller headquartered near Seattle, Washington,[7] that sells used books, Blu-ray discs, DVDs, CDs, VHS tapes, video games, and audio cassettes. Its business model “is based on achieving economies of scale through automation”.[8]

History and platform structure

Selling over 165 million books since its inception in 2003, ThriftBooks is considered one of the largest sellers of used books in the United States and has seven warehouses across the United States.[9] ThriftBooks was founded in the summer of 2003 by Daryl Butcher and Jason Meyer, who were shortly joined by Hector Rivas after a few months. The founders created software that organizes and lists thousands of book titles per day.[10][1] Rivas, who was the company’s first CEO and served in that role for 10 years,[2][3][4][5] helped build ThriftBooks’ early inventory by purchasing books in bulk from charitable organizations such as Value Village, the Salvation Army, and Goodwill. Since 2004, ThriftBooks also developed consignment partnerships with libraries by helping the libraries sell unsorted excess inventory in exchange for a percentage of the profits.[11] The first library systems to join were three in Washington state: King County, Pierce County, and North Central Regional Library.[12]

During the 2000s, Rivas led ThriftBooks to become Amazon’s largest third-party retailer.[11] In 2006, as ThriftBooks was rapidly expanding, Rivas told the Puget Sound Business Journal that “we’re going to take over the world”.[12] By 2009, ThriftBooks had expanded out of the Seattle area to operate additional warehouses in Detroit, Portland, and Atlanta, purchasing up to 2 million books a month.[13] In 2010, the company sold its 10 millionth book.[14] In 2011, the company received financial backing from private equity firm KCB Management.[15]

ThriftBooks is popular among book collectors—particularly with those shoppers choosing to avoid retail giant Amazon—for being one of few North American online bookselling platforms that is not a subsidiary of Amazon.[16][17] ThriftBooks offers a loyalty program called Reading Rewards in which points earned from purchases can be redeemed for free books.[18]

ThriftBooks opened a 190,000-square-foot (18,000 m2) processing center in Phoenix, Arizona in 2021.[19] Kenneth F. Goldstein currently serves as the Chairman and CEO, and Mike Ward is the Chief Innovation Officer of ThriftBooks.[20]

See also

References

  1. ^ a b c d e “Thrift Books LLC company profile”. Bloomberg.com. Retrieved July 29, 2019.
  2. ^ a b Canadean (August 26, 2013). Thriftbooks, LLC – Company Capsule. ProQuest ABI Inform Trade & Industry. Available via KCLS Library.
  3. ^ a b Canadean (October 16 2013). Thriftbooks, LLC – Company Capsule. ProQuest ABI Inform Trade & Industry. Available via KCLS Library.
  4. ^ a b Canadean (December 9, 2013). Thriftbooks, LLC – Company Capsule. ProQuest ABI Inform Trade & Industry. Available via KCLS Library.
  5. ^ a b Canadean (January 16, 2014). Thriftbooks, LLC – Company Capsule. ProQuest ABI Inform Trade & Industry. Available via KCLS Library.
  6. ^ “About ThriftBooks”.
  7. ^ Skager, Shawn (April 10, 2009). “Auburn-based Thrift Book leading the pack online”. Auburn Reporter. Sound Publishing. Archived from the original on April 20, 2009. Retrieved September 10, 2009.
  8. ^ Sussman, Mick (September 12, 2008). “Attack of the Megalisters”. The New York Times.
  9. ^ Nosowitz, Dan (October 26, 2015). “A Penny for Your Books”. The New York Times. Retrieved July 29, 2019.
  10. ^ Carter, Corein (July 25, 2022). “This Sports Agent Is Setting A New Standard With His Agency Disruptive Sports”. Forbes. Retrieved June 5, 2026.
  11. ^ a b “David Giuliani – Seattle Business magazine”. Seattle Business magazine. July 22, 2010.
  12. ^ a b Li, Caroline (July 2, 2006) [Originally written June 28, 2006 and published June 30, 2006]. “Thrift Books owners have bigger online plans”. Puget Sound Business Journal. American City Business Journals. Archived from the original on July 15, 2006. Retrieved July 29, 2019.
  13. ^ Skager, Shawn (April 8, 2009). “Auburn-based Thrift Books leading the pack online”. Auburn Reporter. Retrieved June 2, 2026.
  14. ^ “Saigon Palace opens in Auburn; Thrift Books sells 10 millionth book”. Auburn Reporter. May 5, 2010. Retrieved June 2, 2026.
  15. ^ “KCB Management backs Thrift Books”. Venture Capital Journal. March 21, 2011. Retrieved June 2, 2026.
  16. ^ Krasnoff, Barbara (July 16, 2019). “Where to shop online that isn’t Amazon”. The Verge. Vox Media. Retrieved January 2, 2022.
  17. ^ Brittain, Rachel (December 2, 2020). “6 Places To Buy Books Online That Aren’t Amazon”. Book Riot. Riot New Media Group. Archived from the original on December 2, 2020. Retrieved January 2, 2022.
  18. ^ “ReadingRewards | New & Used Books from ThriftBooks”. ThriftBooks. Retrieved July 12, 2021.
  19. ^ “ThriftBooks Selects Phoenix for Expansion”. www.yahoo.com. March 24, 2021. Retrieved July 12, 2021.
  20. ^ “ThriftBooks Appoints Ken Goldstein as CEO” (Press release). ThriftBooks. March 2022. Retrieved January 17, 2024 – via Globenewswire.