Minneapolis — Winmark Corporation, North America’s leading franchisor of sustainable resale brands, has opened the 500th store of its industry-leading teen and young adult resale concept, Plato’s Closet®. The landmark new store opened on December 1, 2022, in Windsor, Ontario.
“500 Plato’s Closet locations is a huge accomplishment and a testament to our collective efforts with our franchise partners, their employees, and the team at Winmark to achieve this milestone. To see the impact that this brand has had on our franchise partners and their communities is inspiring,” says Renae Gaudette, chief operating officer.
The resale industry is growing 25 times faster than traditional retail with an estimated 64 million people buying secondhand products, and is projected to be worth more than double that of fast fashion. Winmark is able to rapidly grow through strategic franchise development in order to keep up with consumer demand.
Plato’s Closet® has 500 franchised stores in the United States and Canada and is franchised by Winmark – the Resale Company, which also franchises Play It Again Sports®, Once Upon A Child®, Style Encore® and Music Go Round®. For more information, visit www.platoscloset.com.
Winmark − the Resale Company® has approximately 1,291 franchises in operation. An additional 54 franchises have been awarded but are not open.
[EDITOR’S NOTE: To read Retail & Restaurant Facility Business magazine’s December 2021/January 2022 cover story on Winmark, click here.]
SOURCE: Winmark − the Resale Company®