Winmark Corporation (WINA) is an internationally recognized franchisor of retail enterprises, delivering high-quality resale businesses through a diverse portfolio of brands. Based in Minneapolis, Minnesota, Winmark was incorporated in 1988 and has subsequently grown substantially to become a leading name in the franchise industry.
Winmark Corporation trades on the NASDAQ stock exchange under the symbol 'WINA'. The company operates globally but primarily focuses on the United States and Canada.
Winmark's unique business model revolves around resale, offering cost-effective solutions for both franchisees and consumers. The company has developed a successful network of over 1,200 franchise businesses across North America, all of which operate under five primary brand names: Play It Again Sports®, Once Upon A Child®, Music Go Round®, Plato's Closet®, and Style Encore®.
Each of these brands operates on a resale model, providing an eco-friendly alternative to traditional retail, allowing for recycling of used items. The model has proven increasingly popular, especially as the circular economy and sustainability become more prominent in today's society.
The company's most recognizable brand, Play It Again Sports®, is the largest sporting goods resale franchise in North America. Meanwhile, Plato's Closet® reprocesses fashionable clothing and accessories for teenagers and young adults. Once Upon A Child® is the largest children's resale franchise in North America, offering used clothes, shoes, toys, and baby gear. Music Go Round® is the ultimate destination for used music gear and instruments, while Style Encore® offers gently used women's casual and business clothing.
Winmark Corporation is not only established in the resale industry but is also involved in leasing and financing business-related equipment with its subsidiary brand, Winmark Capital Corporation, and Wirth Business Credit, Inc. These subsidiaries cater to medium and large enterprises, providing innovative financial solutions in technology, healthcare, IT, office equipment, and specialty markets.
Over the years, Winmark Corporation has consistently demonstrated strong performance and robust growth. Their continuous success can be attributed to their unique business model, comprehensive franchise support, experienced leadership, and environmental consideration. With its ever-growing network of franchises and its commitment to providing consumers with affordable, high-quality goods, Winmark Corporation continues to be a major player in the franchise industry. Overall, the company's principle of sustainable retail and franchising has positioned Winmark to prosper and provide value to its stakeholders.