Winmark (WINA -2.50%), known for its franchise retail models, released its fourth-quarter earnings on Feb. 19, 2025. The company's focus on sustainable growth was evident, though it did not meet the financial expectations set by analysts.
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Winmark Corporation, embodying a network of franchise operations across the United States and Canada, distinguishes itself as a pioneer in the franchising of retail store concepts focused on the buying, selling, trading, and consignment of used merchandise. With its roots planted firmly in 1988 and headquartered in Minneapolis, Minnesota, Winmark has grown to oversee a diverse portfolio through its Franchising and Leasing segments. By facilitating a second life for items ranging from clothing to musical instruments, the corporation fosters a sustainable shopping culture. As of February 23, 2022, Winmark proudly supports 1,271 franchised stores, further broadening its reach through online platforms dedicated to its specialized retail brands.
Catering predominantly to the fashion-forward teenage and young adult demographic, Plato's Closet specializes in the acquisition and sale of gently used clothing and accessories. This brand empowers its clientele to keep their wardrobes current and stylish without the financial burden of buying new, designer labels.
This unique franchise caters to the needs of parents and guardians by offering a selection of gently used and new children's clothing, toys, furniture, and accessories. Targeting infants to children aged 12, Once Upon A Child provides an economical solution to the rapid growth phases of childhood, presenting an ever-evolving inventory reflective of current trends and necessities.
For the sports enthusiast, Play It Again Sports presents an array of new and used sporting goods, equipment, and accessories. From team sports and fitness to skiing, snowboarding, and golf, this brand makes athletic gear accessible and affordable to all, supporting both casual enthusiasts and competitive athletes alike.
Addressing the wardrobe needs of women, Style Encore offers an upscale resale experience that focuses on buying and selling gently used women's apparel, shoes, and accessories. This brand skillfully combines quality and affordability, ensuring that fashion is both sustainable and accessible.
Music Go Round takes a harmonious approach to the buy, sell, and trade model, focusing on new and used musical instruments, speakers, amplifiers, and other music-related electronics. This franchise caters to the needs of musicians at all levels, from beginners to professionals, by providing an accessible platform to find quality instruments and equipment.
Apart from its retail operations, Winmark Corporation extends into the realm of middle-market equipment leasing, specializing in technology and business-essential equipment. This facet of the company underscores its versatile approach to business, offering solutions that go beyond consumer retail to support various business operations.