Clothes Mentor Named to 2018 Franchise Times Top 200+ List
Top-Performing Women’s Resale Clothing Franchise Earns Their Spot on Franchise Times’ Annual Ranking of More Than 500 Franchise Systems
(MINNETONKA, Minn.) – Clothes Mentor, NTY Franchise Company’s national women’s resale clothing franchise headquartered in Minneapolis, Minnesota, is celebrating their inclusion in Franchise Times Top 200+® 2018 list. The annual ranking measures systemwide sales and units of the largest 500 U.S.-based franchise brands. It is the second national honor for Clothes Mentor this year, following their inclusion in Entrepreneur magazine’s Franchise 500 in January.
“It’s always an honor to be recognized by leading franchise media outlets like Franchise Times,” NTY Franchise Company COO Chad Olson said. “We’re very proud of the Clothes Mentor brand.”
Clothes Mentor was NTY Franchise Company’s first brand, launched when the company purchased the franchising rights in 2007. The resale designer clothing franchise has seen tremendous growth over the last three years, opening 38 new units around the United States since 2015. Clothes Mentor specializes in buying and selling like-new designer clothing, shoes and accessories for women.
Clothes Mentor jumped 11 spots from their position on the 2017 list, thanks to robust sales of more than $84 million from their 145 nationwide stores. Thanks to their community-friendly resale model, Clothes Mentor has successfully recycled more than 42 million items of mall brand and designer clothing; and paid women more than $172 million for their gently-used items since 2007.
“Clothes Mentor is leading the $17 billion resale industry today because we offer high quality, gently-used clothing for a fraction of their retail price, but we also put money in the pockets local families when we buy their gently-used items and donate their items we don’t buy to local charities,” Olson explained.
The Franchise Times Top 200+ is published in the October issue and available in a searchable database online. Along with measuring systemwide sales and units, it also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com.
To learn more about NTY Franchising Company, visit their website at ntyfranchise.com.
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 145 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.