NTY Franchise Acquires Children’s Orchard

NTY Franchise Company, a pioneering force in the rapidly growing $13 billion resale/retail industry, continues its aggressive growth plan with the acquisition of Children’s Orchard, a chain of top quality, gently used children’s merchandise. NTY, “New To You,” based in Minnetonka, Minn., purchased Children’s Orchard to expand its footprint nationwide as a leader in the resale-retail sector. Source: PRWeb

NTY is the umbrella company overseeing five resale/retail brands including Clothes Mentor, New Uses, Device Pit Stop, NTY Clothing Exchange and NTY Kids. To enhance its NTY Kids brand, the company bought the chain of 32 Children’s Orchard stores, boutiques of top quality, gently used children’s clothing, toys, furniture, equipment, books and accessories. The company will combine the two brands, under the Children’s Orchard name, to enhance the customer experience at the store level with a robust point of sale and management system, centralized analytics and an attractive customer loyalty program.

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NTY FRANCHISE COMPANY: NTY Named to MN’s Fast 50 2014

The Minneapolis/St. Paul Business Journal released their list of the Fast 50, a list of Minnesota’s top entrepreneurs for the year. The list takes an in-depth look some of the fastest-growing companies in the state, and Ron and Chad Olson were featured as part of this list.

The article looks at the humble beginnings of the company, as well as how Ron and Chad were able to take the Clothes Mentor store and turn it into an empire. The full article can be accessed from the Fast 50 List on the Minneapolis/St. Paul Business Magazine Website.

CLOTHES MENTOR: Edmond, OK Clothes Mentor Mentioned in Outlook Magazine

In the December issue of Outlook Magazine, a feature was written about the Clothes Mentor in Edmond, OK owned by Melanie & Mike Harris. The article looks at how M&M took the opportunity to build a Clothes Mentor franchise after their kids had grown up and moved out of the house. Clothes Mentor clip from news article with photo of Clothes Mentor franchisees Melanie and Mike Harris in their store The full article features stories from Melanie & Mike, chronicling their journey before they started their Clothes Mentor franchise, what lead to it, and why they love it. It also discusses the unique shopping experience that is Clothes Mentor. You can read the full article on P. 17 at Issuu.com We are happy to have Melanie & Mike be a part of our Clothes Mentor franchise family! Joining our family of Franchise owners is easier than you might think! Head over to our Own a Clothes Mentor Franchise section to learn how you can become a Clothes Mentor store owner as well!

CLOTHES MENTOR: CM Fargo Store Owner named “Mompreneur”

Clothes Mentor store owner Christine Ilvedson was featured in the December-January issue of On the Minds of Moms. Crowned as their “Mompreneur”, Christine talks about her background, the Clothes Mentor store, and how she maintains balance between her family and her franchise. Clothes Mentor clip from article about mompreneur franchisee Christine Ilvedson We are excited for Christine, and proud of her work as a Clothes Mentor franchise owner. Her work has led to a very successful career and business, and we are proud to have this Mom as a part of our Franchise ownership team. You can read the full article on P.30-33 at Issuu.com To learn more about how you can become a franchise owner, just head over to the Own a Clothes Mentor franchise portion of our site. You can also view Christine’s video testimonial for the franchise over on the Clothes Mentor Video Testimonials page (she is the Fargo store owner). See how you could become the next Mompreneur!

CLOTHES MENTOR: Clothes Mentor Awarded Entrepreneur Franchise 500 5 Years Straight

Clothes Mentor graphic of Franchise 500 ranking #210 logo, Entrepreneur MagazineSince opening the first store in 2001, Clothes Mentor has been offering an upscale retail store experience, buying and selling used women’s clothing, shoes, purses and other accessories. The store began franchising in 2007, and has seen tremendous growth since, expanding the one-store idea into a nationally-recognized franchise. In 2011, the Clothes Mentor brand was honored to be ranked #38 for top new franchise, and was the first year the brand was awarded the Entrepreneur Franchise 500, ranked at #409. Since then, Clothes Mentor has continued to grow and earn awards, including Fastest-Growing Franchise earlier this year at #90. Now with 123 stores across 27 states with 50 new stores on their way, Clothes Mentor has been awarded #210 on the Entrepreneur Franchise 500 list for 2015. To see more information, view the Clothes Mentor profile on the Entrepreneur website. You can also learn more about our franchise right here on our website by visiting the Own a Clothes Mentor section.   

NTY FRANCHISE COMPANY: Franchise Times: Recycling Kings At It Again

Ron Olson and his son Chad were recently featured by Franchise Times in a “Where Are They Now?” article. The article takes a quick look at the past, present, and future of franchise owner Ron Olson, speaking about his role as an “entrepreneur’s entrepreneur”, and the new franchise concepts for NTY. The full article can be seen below. Sourced from: Franchise Times

Where are they now: Recycling kings at it again

A serial entrepreneur is playing it again—but not in used sports equipment this time. Today it’s clothing for women, teens and even men.  The secret is to be upscale and not segregate the plus sizes.

Ron Olson so believes in the power of recycled goods that he’s recycling his career. The Minnesota-based businessman made it big with his original multi-concept company, Grow Biz, which is now Winmark.

NTY Clothing Exchange in-store photo of Chad Olson and Ron Olson on grand-opening day
Ron Olson, right, and his son Chad have teamed up again at NTY Franchise Company with plans to develop three brands in the popular sell-it-again genre.

After selling the company in 2000—which included Play it Again Sports, Once Upon a Child and Plato’s Closet—Olson retired. Five years later he discovered something AARP never tells seniors: “Retirement is very boring.”

“I was looking for other opportunities as every entrepreneur does,” he says. He found it in Columbus, Ohio, where he was having dinner with Dennis and Lynn Blum, who wanted to show him their new concept, Clothes Mentor. The resale store for women had good bones, but needed fleshing out. His specialty.

Olson is an entrepreneur’s entrepreneur. His forte is investing in others’ concepts and helping grow their business. Almost anything can be recycled into a business, he says, except perhaps tools. “No one wanted to sell their (used) tools,” he says about the one concept he couldn’t hammer out—Re-Tool.

The beauty of a concept like Clothes Mentor is the customers never age out. “Women change sizes, they change professions and they don’t wear clothes that long,” he says. Most of the clothes he teaches franchisees to buy are two years old and hardly worn.

“There’s a lot of work that goes into pricing,” he says. “Our secret sauce is the pricing” and which brands to buy.

The beauty of a second time around is you’ve already made the mistakes. His son Chad, who joined him at his original company right out of college, is COO of the new company, NTY Franchise Co. Clothing Mentor has more than 100 stores, with 67 in the pipeline, Olson says.

Coming online are two other concepts: NTY Clothing for teens and 20-somethings and New Uses for household items. “It’s a totally recession-proof business,” Chad Olson says.

NTY Franchise Named to MN Fast 50 for 2014

The Minneapolis/St. Paul Business Journal released their list of the Fast 50, a list of Minnesota’s top entrepreneurs for the year. The list takes an in-depth look at some of the fastest-growing companies in the state, and Ron and Chad Olson were featured as part of this list.

The article looks at the humble beginnings of the company, as well as how Ron and Chad were able to take the Clothes Mentor store and turn it into an empire. The full article can be accessed from the Fast 50 List on the Minneapolis/St. Paul Business Magazine Website.

NTY Franchise Company logo for Fast 50 franchise list, orange circle with flames coming off of left side

NTY Franchise Company founder Ron Olson and son Chad Olson against orange background

 

Resale franchisor gets second wind after Winmark

NTY Clothing Exchange Ron Olson standing in neat, organized store for grand opening
NTY Clothing Exchange in Minnetonka sells used teen clothing in an environment that feels like a new-merchandise store

As Sarah Buzzell perused items at the new NTY Clothing Exchange in Minnetonka, she couldn’t help but notice the pristine quality of the used merchandise, rock-bottom prices — and that lulling fragrance.

“This place smells amazing,” said the Ramsey resident, as the aroma of coconut lime verbena wafted from the store’s ScentAir machine. “The stuff looks new, and the store is nice and clean.”
Ron Olson, president of NTY Franchise Co., says it’s his meticulous attention to detail that has made him a resounding success in the resale business. Sure, updated signage and fixtures are important, but so is preventing secondhand shops from smelling like attics. “NTY is about looking and smelling like a store that sells new merchandise,” Olson said.

The NTY (New to You) Clothing Exchange, which buys and sells used clothing for teens and young adults, builds on five other resale concepts Olson oversees through his franchise company. His latest, NTY Kids, also recently opened in Minnetonka and will start selling clothes in September. Other NTY entities include New Uses, which sells used furniture, Way to Go Sports, Clothes Mentor and Device Pitstop, which specializes in secondhand electronics.

Olson has been a resale pioneer, making a name for himself at Grow Biz, a company that sold franchises for secondhand stores and was later renamed Winmark under new ownership. The company launched well-known resale names such as Play It Again Sports, Once Upon a Child and Plato’s Closet, which sells teen merchandise.
Olson left the company in 2000 and retired, but returned to the resale business in 2006, buying three Clothes Mentor stores and the naming rights in 2007. He has grown the business to more than 100 stores.

Now at 73, he’s still selling franchises that buy and sell used goods. And his timing couldn’t be better. Nationally, the number of used-goods stores has grown 7 percent each year since 2010, making it a $13 billion industry in 2012, reports the National Association of Resale and Thrift Shops. Franchising is also heating up, with the number of U.S. franchises expected to grow 1.7 percent this year, the highest growth rate since before the recession.

Clothes Mentor, in particular, has revolutionized the resale industry. The women’s clothing retailer one-upped the consignment concept by paying cash up front, no waiting, demanding current styles in near perfect condition. “Twenty years ago there were only consignment stores,” Olson said. “We brought in a more commercially accepted brand that looked like stores that sold new retail.”

Clothes Mentor has 110 locations nationally, including eight in the Twin Cities area, with more than 60 to open soon. Winmark, now Olson’s competitor, is copying the success of Clothes Mentor by opening similar stores called Style Encore that cater to the same demographic — women in their late 20s to mid-50s. Locations in Eagan and Maple Grove opened recently.

Olson’s advantage is his history of experience in the resale franchise business, said Gaylen Knack, a franchise attorney at Gray Plant Mooty in Minneapolis. “Others have come in and had average to medium success, but Ron stays on top of trends and can offer plenty of guidance to franchisees who may not have a retail background,” he said.

Olson and NTY have also branched out into areas untested by competitors. New Uses, which has 10 locations, including one in Minnetonka and one in Maple Grove, sells used household goods and furniture. The growth in New Uses stores has been slower than at Clothes Mentor. “It’s more challenging than selling clothes,” Olson said. “We’ve got plenty of customers who want to buy. Our same-store sales were up 18 percent last year, but it’s harder to get people to bring in their furniture to sell.”

Earlier this year, the company opened Device Pitstop in Minnetonka, a store that buys, sells and services used laptops, tablets and cellphones. Olson projects 300 more stores within five years. With seven stores open nationwide, the average store had revenues of $800,000 last year on a 60 percent margin, Olson said.

While the resale market seems to have unlimited potential as consumers seek value, not everything has worked for Olson. Categories such as ReTool had a wrench thrown at them when men didn’t want to sell their used tools. “We could never get enough used product to sell,” Olson said. “It’s the same thing with adult men and their clothes. After their 20s, they wear them out to a point that they’re not re-sellable. But in their teens and 20s, they grow out of them before they can wear them out.”

But those are but two rough spots in a sea of unwanted merchandise consumers want to recycle for cash. “The demand is there. We’ve become the supply,” Olson said.

nty-minnetonka
NTY Clothing Exchange in Minnetonka sells used teen clothing in an environment that feels like a new-merchandise store

New-to-You franchises

  • Clothes Mentor (used clothing and accessories for women): 110 stores, eight in the Twin Cities area.
  • New Uses (used furniture and home goods): 10 stores including Maple Grove and Minnetonka, and one opening soon in Woodbury.
  • Way to Go Sports (used sporting equipment): Two stores in Minnetonka and Golden Valley
  • Device Pitstop (used personal electronics ): Seven stores including Minnetonka, and a dozen more planned for the Twin Cities area. Agreements for stores in Maple Grove, Eden Prairie, Richfield, Woodbury, Maplewood, Burnsville and Duluth have been signed.
  • NTY Clothing Exchange (used clothing and accessories for teens and young adults): One store open in Minnetonka.
  • Children’s Orchard (used clothing, shoes, equipment for kids.

By John Ewoldt (StarTribune)

CLOTHES MENTOR: Clothes Mentor Debuts 3 New Commercials

Clothes Mentor is an excellent place to buy and sell designer womens clothing, providing an excellent deal to both buyers and sellers. We are constantly trying to let women know about our store, so that they too can experience what Clothes Mentor has to offer! We have put together 3 commercials, focusing on 3 different aspects of what makes Clothes Mentor such an amazing store. Take a Look at the videos below and see for yourself!

Always Look Fabulous

Cash In Your Closet

Expand Your Closet and Wardrobe

As you can see, there is a lot that a Clothes Mentor Store has to offer! Stop by any one of our locations nationwide to experience it for yourself!

CLOTHES MENTOR: Clothes Mentor’s 100th Store

Clothes Mentor graphic with text that says 100 stores strongWe are excited to announce that Jensen Beach, FL will be our 100th store opening on March 13th! As you know, Clothes Mentor has had amazing growth in the past 7 years. We are very proud of the progress that our stores and franchise owners have made. We want to thank all of our franchisees for everything they have done to help build this amazing brand. We are looking forward to the continued growth and partnership with our store owners, and with our shoppers as well.

Stop in to any one of our 100 stores in the coming weeks, and you will see our new “100 Stores Strong” logos. We couldn’t have built Clothes Mentor without loyal shoppers such as yourselves, and the small business owners that make these stores happen. We want to continue growing our reach, providing brand name fashions at frugal prices all across the nation. Thanks for all the support, and keep shopping smart!