Company Snapshot: Plato's Closet

Plato’s Closet

Address:
605 Highway 169 N
Minneapolis, MN 55441

Telephone:
763-520-8500

Website:
www.PlatosCloset.com

Total Stores:
391

2013 Sales:
$387,000,000

Trading Areas:
AL, AK, AB, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NJ, NM, NY, NC, ND, OH, OK, ON, OR, PA, SK, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Senior Executives:
CEO,   John Morgan
President,  Brett Heffes

Plato’s Closet stores sell gently used top name-brand apparel, footwear and accessories. Typical merchandise is for teens and young adults and are current styles that are still seen in the mall. All of the retailer’s almost 400 stores are owned by franchisees.

Busting through the recession, Plato’s Closet has seen an impressive 88% growth rate in locations over the past 7 years. The fast-growing company is owned by Winmark Corporation, parent of Play It Again Sports, Once upon a Child, and Style Encore among others. Plato’s Closet is currently targeting continued expansion in all markets in North America, with specific growth opportunities in Canada, the mid-Atlantic region, California, and the New England area. New location announcements are on the company website.