Clothes Mentor featured on Franchising.com
Clothes Mentor was recently written about on Franchise.com, a website dedicated to the how-to’s and news surrounding the business of Franchising. Found in the Franchising Opportunities section of the site, there is a write-up talking about the Clothes Mentor franchise opportunity. They focus on our business demographic targeting, our successful franchising history, and the products we resell.
You can read the article on the Franchising.com site, which we have sourced and copied below.
Upscale-Resale Fashion Chain, Clothes Mentor®, Generates Customer Excitement and Franchisee Profits
March 18, 2013 // Franchising.com // MINNEAPOLIS – Clothes Mentor helps women be fashionable and frugal. With 40 better brands like Talbot’s, Chico’s, Ann Taylor and Coldwater Creek and designer brands like Coach, Dooney & Burke, Kaspar and Tahari. And $13 average prices. And cash-on-the spot for selling name-brand, quality-condition fashions here.
The Clothes Mentor formula excites fashionable women and propels chain growth. This newer national franchise has 80 stores open, 40 more under development and plans for 500. Their stores offer high returns in only 3,000-sq.ft. spaces with the typical Clothes Mentor selling $650,000 annually and six stores exceeding $1 million. Same-store sales rose a solid 18% last year. And under their resale format, gross margins are an exceptional 60% compared to 25% at traditional retail stores.
It’s no wonder that most stores prosper and the multi-unit owners abound. Guiding them is the Clothes Mentor management team which invented resale-retail franchising and fostered 1,500 franchise stores across all U.S. states and Canadian provinces over 20 years.
Clothes Mentor charts a new course in retailing. They’re America’s first and only national chain focusing on upscale-resale better-brand women’s clothing. They target savvy, brand-conscious women in their 30s, 40s, 50s and 60s with desirable styles and low prices. Compared to consignment and thrift stores, Clothes Mentor projects brand names, top quality and excellent condition. Their stores shine and make shopping desirable. They help American women look great and save money.
For example, Clothes Mentor carries Talbot’s jackets for $15 (not $80), Ann Taylor short-sleeve sweater knit tops for $10 (not $60), Chico’s two-piece athletic outfits for $14 (not $190), Caché jeans for $18 (not $90) and many Coach purses for $25-$150 (not $200-$600).
They offer regular, maternity, petite and plus sizes – 40 better brands like Ann Taylor Loft, White House/Black Market, Coldwater Creek, Lane Bryant, Michael Kors and Calvin Klein — designer brands like Kasper and Tahari – accessories like shoes, purses, jewelry – and only $13 average prices.
To obtain merchandise, Clothes Mentor pays women cash-on-the-spot for their high-quality, name-brand clothing, shoes, accessories and designer purses. Customers can clean-out their closets for money.
About Clothes Mentor
Clothes Mentor is a strong national company directed by retail franchising experts. Many years ago, founder Ron Olson created Grow Biz International and built a network of 1,500 upscale-resale stores. Olson and colleagues developed popular chains like Play It Again Sports® (sporting goods), Once Upon A Child® (children’s merchandise), Plato’s Closet® (teen clothing), Music Go Round® (musical instruments) and other resale chains that buy and sell high-quality merchandise. That group is now called Winmark Corporation and is owned and run by different people.
In recent times, Olson’s team built Clothes Mentor and now supports their franchise owners with strong business and operating systems, store layouts and designs, product lines, merchandising, in-store computer systems and franchise operation support. The Clothes Mentor corporate team supplies management, operations, marketing, technology, finance, design, owner support and national franchising. For information on the chain and franchise owner opportunities, check www.clothesmentor.com.
Note: All clothing brands, retail chains and corporate names are copyrighted, trademarked or registered by their respective companies.
Note: Clothes Mentor and its executives are not currently affiliated with Winmark Corporation and Winmark Corporation’s brands including Play It Again Sports, Plato’s Closet, Once Upon A Child and Music Go Round.
SOURCE Clothes Mentor