Plato's Closet Review
Plato's Closet is a franchise for resale clothing. Founded by Lynn Blum, this company is growing at a rate of 25-40 new locations each year. Plato's Closet was founded to offer affordable clothing for families. Shoppers who bring bags with them to the stores are also rewarded by the company.
Lynn Blum founded Plato's Closet
Plato's Closet, a chain of clothing stores for children and adults, is also a retailer. The business was founded by Lynn and Dennis Blum, a couple with teenagers. Blum was owner of a multi-unit franchise who had various brands, launched the first location in 1989. The son of Lynn Blum's was a teenager who helped him establish the brand name. The Winmark Corporation is a major franchisee of retail businesses.
It's simple: Consumers are able to sell gently used clothing or shoes as well as accessories at a fraction the retail price. In selling gently-used clothes and shoes to potential buyers, this company is helping the environment by decreasing amount of new clothing made and removing trash. Another method by which Plato's Closet works is by providing customers with loyalty points for bringing in their own bags. Consumers can save money and reduce their carbon footprint.
It is a resale clothes franchise
Alongside selling brand new and gently used clothes, Plato's Closet is a top resale store for clothing for young adults and teens. The average annual sales of the franchise is $1.4M. The company has more than 100 locations. The model for business is geared toward high volume and higher gross margin sales. The company is among the franchises that are growing at the fastest rate and has seen rapid growth.
The name of the franchise derived from Plato the Greek philosopher who pioneered recycling and reuse. The concept of the company was influenced by Blum's son, who equated Plato's Closet's business model with the idea of recycling. Plato's Closet's philosophy is in sync with today's trend for fashionable clothing. There are more than 200 locations in North America.
It's increasing at an average of 25-40 new stores per year
Plato's Closet's success in franchising can be attributed to its focus on its strengths and the effective implementation of marketing and public relations. The business has expanded to over 500 stores and is quickly expanding its store network. The acquisition of Winmark has brought about an increase in the size of the business, and it continues to delight franchisee partners as well as the business.
The chain of stores is growing by an average of 25-40 new stores per year. This growth is mostly because of word-of-mouth advertising and local radio advertisements. The stores sell gently used products at less prices than new. Currently, Plato's Closet is expanding at a rate of 25 to 40 new locations each year.
It promotes sustainable consumption
Purchasing sustainable kids' clothes is an excellent way to help the environment and the workers who make these clothes. Sustainable clothing is often made of recycled, organic or repurposed materials. Good brands provide fair wages and decent working conditions. Many are worried about the environmental impact of their purchases, but you can avoid this by shopping with companies that support sustainable production. Below are some helpful tips for purchasing children's clothes.
Fabrics made with organic dyes, or those that are low impact, are the best. Natural dyes are less toxic levels, require less energy, and use fewer water resources. Unbleached cotton and linen are best. These fabrics are naturally off-white and more sustainable for the earth. Children's clothing made from recycled materials is a better option than buying new ones. For instance, fleece is often made from recycled plastic bottles. Polyester is made from recycled clothing and uses less energy and is less pollutant than petroleum-based textiles.
Address4544 Yadkin Rd, Fayetteville, NC 28303, United States