Word: winmark
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...Baby Phat and Seven. There's even a guide to help workers determine the age of, say, a pair of shorts from the Gap on the basis of the styling of the label. (Plato's won't take anything more than a year old.) Owned by the Minneapolis-based Winmark Corp., Plato's has opened some 200 franchises since 1999. The company rang up more than $100 million in sales in 2006 and plans to open 35 additional stores this year. Winmark collects a 4% royalty fee from each store; a franchise costs $225,000 on average. The formula seems...
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