All five retail brands – with a total of more than 1,200 locations – work in the gently used, second-hand arena. owns Once Upon A Child, Plato’s Closet, Play It Again Sports, Music Go Round and Style Encore. Minneapolis-based franchiser Winmark Corp. In 2016, the average Once Upon A Child store had sales of $966,865 with an average gross profit of $606,069 (62.6 percent). There are about 350 Once Upon A Child locations across the country, and Fermi’s five stores employ a total of 85 people. Staff members stay up-to-date on recalled items, immediately pulling all recalled products from shelves and making sure all items purchased are safety checked to meet current standards. Once Upon A Child ensures that all products purchased and sold meet mandatory and voluntary safety standards. Items brought in that the store does not purchase can be donated to local charities like AMVETS at the seller’s request. “The season is about to change in July for back-to-school, so we’ll start to put out our fall and winter items that we have in back stock here shortly,” Fermi said. Toys, shoes and apparel are the top three sellers.Įxcess items that are not purchased are stored and then brought out immediately once the season changes. His stores buy for all seasons, all year around, and all brands, knowing that sales are based on demand and the style and condition of products in the stores. Once Upon A Child buys children’s clothing and toys for cash. (Daily News/Houston Cofield) N atalie Hughes, an employee at Once Upon a Child, checks out a customer. For safety reasons, it does not take car seats, undergarments or bottles. In addition to clothes ranging from newborn to size 20, the store accepts shoes, toys, books and baby equipment like strollers, high chairs and walkers. It makes us different from the consignment shops in town because you get your cash immediately, you don’t have to wait for it,” Fermi said. “We pay cash for 100 percent of the goods people bring in. At Once Upon A Child, families are able to buy necessities for their children at great values, while others turn their gently used items into cash. Unlike a typical consignment store, Once Upon A Child does not require appointments and pays on the spot for items it purchases from consumers. He began buying product for the new location in East Memphis in late March of this year, and the store and its 10 employees celebrated a grand opening on June 15. “We had a huge response from the community bringing their items to us, which led to us building our inventory very quickly at the Cordova location,” Fermi said. He decided to open his first location in Cordova in September 2008, and its success led to opening more stores in Collierville, Southaven, and Jackson, Tennessee. Success at his first location in Cordova in 2008 helped fuel his territory growth. Paul Fermi, a Once Upon A Child franchisee for the Memphis area, has opened his fifth store.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |