The Computer vs. the Cool Girl
Resale is hot in this economy, which is why there's a franchise for hip new threads. But can you really program that judgy girl behind the counter?
The greatest hand-me-down from the weak economy just might be the resale shop. Sales in second-hand stores leaped $223.3 million last year, according to market research--that's a 31 percent jump in business, when the rest of retail is foundering.
The trend caught Shauna Sloan's attention, and in 2009, she expanded her children's retail franchise operation, Kid to Kid, to include a hip resale exchange called Uptown Cheapskate. Stores in Salt Lake City and Greensboro, N.C., are already up and running, and four more are slated to open this year. "Our stores are doing wonderfully in the recession," Sloan says. "People are now proud of finding deals--it's in vogue to be thrifty."
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry
-
My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup.
-
Why You Need to Become an Inclusive Leader (and How to Do It)
-
Career Transitions You Can Make in Your 40s and 50s
-
Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'
-
4 Principles to Develop Next-Level Leadership at Your Company
-
This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market
