Plato’s Closet is a national chain of secondhand clothing stores specializing in teen and young adult fashion. The store buys and sells gently used clothing, shoes, and accessories for both boys and girls. Plato’s Closet also offers a wide variety of new items, including clothes, shoes, and accessories from the latest trends and designers.
The store was founded in 1999 by brothers Robert and Tony Shumway, who saw a need for a place where teenagers could buy and sell affordable, stylish clothing. Today, there are over 400 Plato’s Closet locations across the United States.
People like this store because it’s a great place to find fashionable clothing at a fraction of the cost of buying new. Plato’s Closet is also a great place to sell your gently used clothes, shoes, and accessories. The store offers cash or store credit for items that are accepted.
If you’re looking for affordable, trendy clothing, Plato’s Closet is the perfect place to shop! You can also earn some extra cash by selling your gently used items at Plato’s Closet.
Important Update on COVID-19
In response to COVID-19, Plato`s Closet working hours can vary, or maybe the spot can be currently closed as a consequence of quarantine limits. Check out the specifics of delivery choices on the local website of Plato`s Closet.
Plato`s Closet tweaked its operating hours to permit employees a little extra time to clean as well as resupply goods on racks. Added to that, numerous Plato`s Closet locations have recently set up distinct shopping hours for members of the at-chance class.
What time does Plato`s Closet open?
|Monday||10:00 AM – 09:00 PM|
|Tuesday||10:00 AM – 09:00 PM|
|Wednesday||10:00 AM – 09:00 PM|
|Thursday||10:00 AM – 09:00 PM|
|Friday||10:00 AM – 09:00 PM|
|Saturday||10:00 AM – 08:00 PM|
Other questions concerning their working hours
Is Plato`s Closet open on Sundays? – No, they are closed on Sundays.
What are Plato`s Closet hours for today? – This information you can find in our tables with operating hours and if you need a certain store – check out the official webpage.
What time does Plato`s Closet close? – On Mon-Fri they close at 9 pm, on Saturdays they close at 9 pm.
Are they open right now? – You need to look at the table above.
A brief history of the company
Plato`s Closet was founded in Minnesota in the United States in 1999. The company buys and sells gently used clothes and accessories for teenagers and young adults. The company was started by two entrepreneurs, Bob McKinney and Reid Robinson. They saw a need for a store that would buy and sell gently used clothes for teenagers and young adults.
The first Plato`s Closet store opened in Roseville, Minnesota. The company has since expanded to include hundreds of stores across the United States. Plato’s Closet is a great place to find affordable, stylish clothing. The store offers a wide variety of clothing, from casual to formal wear. You can also find shoes, accessories, and home decor at Plato’s Closet.
In 2002 the company was ranked the Fastest Growing Retailer in America by Inc. magazine. In 2007 the company was ranked the 10th fastest-growing retailer by Stores magazine. Plato’s Closet has been featured in many magazines and newspapers, including The Wall Street Journal, USA Today, and Time magazine.
Since 2012, many changes have taken place in the ownership of Plato’s Closet. In 2013, the company was sold to Winmark Corporation. Winmark Corporation is a franchising company that also owns other resale brands, such as Play It Again Sports and Music Go Round.
In 2015, the company was sold again, this time to The Anclote Group. The Anclote Group is a private equity firm based in Florida. And after 5 years the company was sold in 2020 to AEA Investors LP, a New York-based private equity firm.
Today, Plato’s Closet has a lot of stores in the United States, Canada, and Australia. The company continues to grow and expand. You can find a Plato’s Closet location near you by visiting the company’s website.
Plato`s Closet Holiday Hours – Close
|November 28||Thanksgiving Day|
|December 25||Christmas Day|
|April 21||Easter Sunday|
Plato`s Closet Holiday Hours – Open
|February 14||Valentine’s Day|
|February 18||President’s Day|
|March 5||Mardi Gras Fat Tuesday|
|March 17||St. Patrick’s Day|
|April 19||Good Friday|
|April 22||Easter Monday|
|May 5||Cinco de Mayo|
|June 16||Father’s Day|
|May 12||Mother’s Day|
|November 29||Black Friday|
Where can you find the company`s stores locations?
Plato’s Closet has locations across the United States and Canada. The areas they serve include Montgomery, Prattville, and Auburn, AL, Anchorage, AK, Phoenix, AZ, Little Rock, AR, Colorado Springs, CO, and many more. To find the Plato’s Closet nearest you, visit their website and use their store locator tool. Simply enter your zip code or city and state and the locator will show you the closest Plato’s Closet locations. The headquarters are located in Minneapolis, MN.
Plato`s Closet stores near me
What company owns Plato’s Closet?
Winmark is the parent company of Plato’s Closet. Winmark is a publicly-traded company with several different brands under its umbrella, including Play it Again Sports, Music Go Round, and Style Encore. Winmark was established in 1987 and Plato’s Closet was founded in 1991. The latter became a part of Winmark in 2003.
Why is it called Plato’s Closet?
The shop’s name was taken from a Blum son’s schoolwork on Plato, who had been an early advocate of recycling and had much in common with the company’s mission. Plato’s Closet stores accept and sell gently used clothes and accessories for teens and twenty-somethings. The company buys and sells both guys’ and girls’ clothing.
What is the main target of Plato`s Closet?
The main target market for Plato’s Closet is teenagers and young adults between the ages of 15 and 24. This is the demographic that is most likely to be interested in secondhand clothing, as they are often on a tight budget and are looking for ways to save money. Plato’s Closet caters to this market by offering affordable prices on gently used clothing and accessories.
Plato’s Closet offers several services to its customers, including buy, sell, and trade. Customers can bring in their gently used clothing and accessories and trade them for store credit or cash. They can also purchase items from the store at a discounted price. Lastly, they can sell items to the store for cash or store credit. This makes Plato’s Closet a one-stop-shop for all your secondhand clothing needs.
That is not an ordinary secondhand store
The company offers the service when you can bring the clothes you no longer wear and receive the store credit. Then, you can use this credit to buy something else in the store. This way, you are encouraged to keep coming back and shopping more.
The baseline goods will be available for approximately 60% off the retail price range, after which you will receive a 1/3 discount. You could still get a decent amount of money out of this, depending on your item. Furthermore, the company offers a loyalty program where you can earn points every time you shop. These points can be redeemed for different rewards such as discounts and free items.
The company is also environmentally friendly as it recycles clothes that are no longer wearable. This shows that they care about sustainability and being eco-friendly. Lastly, Plato’s Closet has a unique return policy. If you are not satisfied with an item you purchased, you can return it within 14 days for a full refund or exchange. This is a great policy that shows the company is confident in the quality of its products.
How much does Platos Closet give for clothes?
If they buy your clothing, it will typically be somewhere between 30 and 40% of the cost you paid for them. They sell your clothes at a 70 percent discount off retail prices, so to make a profit, they don’t want to spend too much money on them. They’ll purchase simple things like T-shirts for about $2. This means that if you paid $10 for the shirt, Plato’s Closet will give you about $4 for it.
Plato’s Closet typically has a sale every few weeks. These sales usually last for 3-5 days and offer discounts of 20-50% off the regular prices. During these sales, customers can find great deals on gently used clothing and accessories. To stay up to date on the latest sales and promotions, follow Plato’s Closet on social media or sign up for their email list.
Does Plato’s Closet wash their clothes?
They don’t wash clothing as it’s purchased, but they do take garments in ready-to-wear condition. The firm is particular about the cleanliness of items accepted, but they want buyers to remember to wash their goods after receiving them.
What do they sell?
Plato`s Closet is a used clothing store for teenagers and young adults. They usually sell what other people bring in to them, or what they find at garage sales. How does it work? Well, you bring the brand-name clothing that you don’t want anymore to Plato’s Closet. They will review the clothes and decide if they want to buy them from you. After it, you get paid cash with which you can buy other clothes in the store, or you can trade your clothes for store credit. The company buys and sells gently used clothing for teens and young adults. This includes clothing, shoes, accessories, and more.
There are several benefits to selling your gently used clothing to Plato’s Closet. Firstly, you can earn cash or store credit for items that you no longer want or need. Secondly, you are helping the environment by recycling your clothing instead of throwing it away. Thirdly, you are supporting a local business when you sell to Plato’s Closet. Lastly, you may be able to find some new clothing items that you love at a fraction of the cost.
Is Plato’s Closet a franchise?
Yes, Plato’s Closet is a franchise. This chain of clothing stores is owned by Winmark Corporation, which also owns other franchise brands such as Play It Again Sports and Once Upon A Child. There are over 500 Plato’s Closet locations across the United States and Canada. In general, this franchising opportunity will give you the chance to open a store that buys and sells gently used clothing and accessories for teens and young adults.
The total investment required to open a Plato’s Closet franchise is $150,000-$450,000. This includes the franchise fee, which is $30,000. In addition, you will need to have liquid assets of at least $100,000 and a net worth of at least $300,000. For financing, Plato’s Closet has relationships with third-party lenders that can provide you with the necessary financing to open your franchise.
To be eligible for this franchising opportunity, you must have experience in retail management. Furthermore, you must be able to provide a clean criminal background check and financial statements. Plato’s Closet is looking for individuals who are passionate about fashion and helping the environment. If you have these qualities, then this could be the perfect franchising opportunity for you!
How much money does Platos Closet make?
Expect a large decrease in value when you sell your goods to Plato’s Closet since they pay for them in cash. It will generally be around 30-40% less than the retail price. These clothes will be resold by Plato’s for 60-80% off regular prices after you give them to the shop. So, the company makes a profit of 20-50% off the original value of the clothes.
Do they offer gift cards?
Yes, Plato’s Closet offers gift cards that can be used at any of their locations across the United States and Canada. Gift cards can be purchased online or in-store, and they can be used to purchase clothing, shoes, accessories, and more. With these gift cards you can save money on your gently used clothing purchases, or you can use them as a gift for someone else.
The discounts with such gift cards tend to vary, but they typically range from 10-20% off your total purchase. These discounts can help you save money on your gently used clothing purchases, or they can help you get more for your money when you trade in your clothes for store credit.