For Immediate Release
Matt DeMargel
919.459.8164
[email protected]
Clothes Mentor Franchise Tops $1 Million in Sales Before August 1
Fargo, North Dakota, location becomes first franchise in the brand’s 11-year franchise history to top seven figures by the end of July
(MINNETONKA, Minn.) – Clothes Mentor, a national women’s resale clothing franchise headquartered in Minneapolis, Minnesota, is celebrating its first franchise unit to top $1 million in sales before the end of July. The feat was accomplished by its Fargo, North Dakota, store, which surpassed the mark on July 28, 2018.
“It’s really an impressive milestone.” Chad Olson, Chief Operating Officer of Clothes Mentor’s parent firm, NTY Franchise Company, said. “The Fargo franchise has been one of our most impressive franchises since opening in 2010, and we have every reason to believe in their continued success.”
Clothes Mentor of Fargo has generated double-digit growth in five of the eight years it’s been in operation, spurring two expansions over that time. The 6,700 square foot store located at 2551 45th Street South, not only became the first of 146 franchise units to cross the million-dollar threshold this early, but they’ve also purchased more than $376,065 worth of clothing from local women this year.
Franchise Owner Christine Ilvedson, the 2017 recipient of NTY Franchise Company’s President’s Award, attributes her store’s success to the unwavering support of her local community.
“We are very fortunate to be in such a great community that is so supportive of small business. Fargo has such a friendly business environment and we are grateful to have such a wonderful and loyal customer base,” Ilvedson said. “I also credit our store’s success to the staff and management team. They work hard every day and keep everything running as smoothly as possible.”
Resale franchises are enjoying a $17 billion boom that began during the great recession and continues today as consumers flock to stores like Clothes Mentor to buy and sell their gently-used women’s fashion. Since 2017, Clothes Mentor has successfully recycled more than 42 million items of mall-brand and designer clothing and paid women more than $180 million for their gently-used items.
To learn more about Clothes Mentor, visit www.clothesmentor.com.
To learn more about franchising opportunities for Clothes Mentor, visit www.ntyfranchise.com/clothes-mentor.
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About Clothes Mentor
Clothes Mentor started with two existing locations in 2006 and began expanding the brand the same year. As of January 2018, the company has 146 stores in 42 states with many more in development. Clothes Mentor is a resale-based women’s designer fashion brand known as being cutting-edge in both high-end designer fashion and technology. The company buys and sells like-new apparel, shoes, and accessories for all women, sizes 0–26, petites, and maternity. The inventory comes from the same customers who shop in the store, and sellers are offered cash on-the-spot or credit toward a new purchase. With stores throughout the United States, each store serves its local community in both buying and selling gently-used, designer clothing, shoes, boots, handbags, jewelry, and other accessories.
About NTY Franchise Company
Founded in 2006 by Ron Olson, NTY Franchise Company is the gold standard in resale franchising companies. NTY franchises five brands, all with a different focus: Clothes Mentor, Children’s Orchard, Device Pitstop, New Uses, and NTY Clothing Exchange. The brands are all resale-based and cover women’s designer fashions, children’s apparel and accessories, furniture and household goods, electronic sales and repair, and clothing for teens and young adults. All are great business opportunities with cutting-edge technology, unmatched support, and lucrative resale franchises. NTY Franchise Company has helped individuals to establish resale stores throughout the United States in many communities, and it has territories available to develop nationwide. Learn more at www.ntyfranchise.com.
