The store pays the seller and the clothes immediately become part of the inventory [7]. Having software manage and suggest price also minimizes guesswork by staff and streamlines the inventory process. Second, the POS system automates the creation of the buy ticket and the inventorying of the item, which can be labour intensive. By reducing the time it takes an item to get on the floor, the store is able to turn over items faster.
It focuses on creating a store that is shoppable by ensuring that merchandise is organized and that the store is clean. Franchisees are extensively trained in providing quality customer service to both buyers and sellers. This can be achieved by leveraging their existing technology to streamline into an online and mobile experience and harnessing the insights from all available data to optimize profit margins. The mobile experience allows customers to purchase items as immediately as they see fit.
In addition, rental retailers, such as Rent The Runway, are also entering the retail space as an alternative to ownership of high-price fashion. Applying innovative technology, such as AI, can help uncover optimal buy and sale prices as well as inventory optimization across the whole system. When it comes to fashion and accessories, teenagers and twenty-somethings have a lot of choices—in fact, a significant segment of the fashion retail industry is already dedicated just to them.
Plato's Closet has the advantage of carrying items from all retailers in this category in one location. This continues to prove enticing and convenient to shoppers in the communities where we have established franchises, where they can shop in one store and get all the latest brands, styles and fashions at affordable prices. Plato's Closet's biggest success, however, has been with our dedicated franchisees who have continued to build robust, profitable businesses that quickly become part of their community.
Interested in becoming qualified as a potential Plato's Closet franchisee? Submit our qualification form today—we look forward to hearing from you! Fill out our full application if you are ready to get ahead and become part of the Winmark family. Open Accessibility Menu. By ensuring correct account information and providing weekly posts, franchises are more likely to appear when their target audience performs apparel related searches.
Strategy Based on extensive research, we knew video ads were outperforming static ads on multiple digital platforms. Execution Ad dollars formerly used for static display advertising were reallocated to YouTube video advertising and a Google My Business management service. Results The switch to YouTube video ads resulted in an increase in audience engagement.
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