I agree. I have a few used sportcoats and overcoats from high-end manufacturers that I bought for pennies on the dollar. They are good-to-great quality, and thanks to "timeless" men's fashion, are still in style.

You have to wade through a lot of crap to find the good stuff, though. Unless the source is an estate sale, donated pants are almost always at the end-of-life and shoes are always a joke.

Here we have Consignment stores which work a little differently. The "donor" and the shop split the proceeds from the sale. Things start at a higher price that is still a good deal, maybe 1/3 of retail, and then the price falls on a weekly schedule. The shops are picky about what they'll take, but the selection is usually great. Also, it might sound weird, but the clothes tend to be of better quality because they're the ones that stood up to a couple of washings (stuff that just falls apart never makes it there).