Value-retailer franchisor takes logical next step
MINNEAPOLIS — Winmark Corporation, franchisor of four value-retail store concepts, is developing a new concept focused on reselling women's apparel and accessories.
Winmark Corporation operates 968 franchises under the Plato's Closet, Play It Again Sports, Once Upon A Child and Music Go Round brands, all of which buy, sell, trade and consign gently used merchandise. The franchisor intends to market the new retail concept to savvy and frugal shoppers.
"There has been a major change in the consumer acceptance of gently used merchandise. Winmark Corporation, with nearly a billion dollars a year in sales of these products, has taken a logical next step in providing a retail store selling gently used merchandise to women. Customers that will look for ways to intelligently manage budgets and to keep up with practical and fashionable clothing and accessories will find our new concept the perfect shopping experience. Women's apparel is an ideal category to further enhance our family of franchised resale brands, and we are excited to share this news with our employees, shareholders and current franchisees," said John Morgan, chairman and CEO, Winmark Corporation.