Latest news with #Winmark
Business Wire
07-08-2025
- Business
- Business Wire
Winmark Corporation Announces Governance Changes
MINNEAPOLIS--(BUSINESS WIRE)--Winmark Corporation (Nasdaq: WINA) announced today that Jenele C. Grassle has informed the company of her decision not to stand for re-election to the Winmark Board of Directors at its next Annual Meeting of Shareholders in April 2026. Ms. Grassle was elected to Winmark's Board of Directors in 2001 and currently serves as a member of both the Compensation and Nominating Committees. 'Jenele's contributions to Winmark over the past twenty-four years have been significant and meaningful. Over the course of her Board tenure, Jenele has been a key contributor and has led the effort to enhance the governance structure of the company by adding term limits. She has actively identified and recruited many of our current Board of Directors as well,' noted Brett D. Heffes, Chair and Chief Executive Officer. 'I want to personally thank Jenele for her service on behalf of our shareholders and her dedication to helping us over the years. Her leadership has been exceptional, and I thank her for that.' Additionally, the Company announced that it has named Keith Credendino to its Board of Directors and Audit Committee. Mr. Credendino has over 25 years of successful executive and technology leadership experience. Currently, Mr. Credendino is Chief Information and Technology Officer at Macy's, Inc. (NYSE: M), a trusted source for quality brands through their iconic nameplates – Macy's, Bloomingdale's and Bluemercury. Prior to joining Macy's, Mr. Credendino was Senior Vice President of Digital Technology & Enterprise Data at Inspire Brands, a multi-brand global restaurant company, and previously served as a technology executive at several enterprise organizations, including The Home Depot, InterContinental Hotels Group (IHG), and Cox Enterprises. 'I am thrilled that Keith will be joining our Board of Directors. His expertise in delivering technology solutions across a variety of retail and franchise companies will be invaluable to Winmark and our franchisees as we enhance our technology offerings and seek to fulfill our mission to provide Resale for Everyone®,' stated Mr. Heffes. Winmark - the Resale Company®, is a nationally recognized franchisor focused on sustainability and small business formation. We champion and guide entrepreneurs interested in operating one of our award winning resale franchises: Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. At June 28, 2025, there were 1,371 franchises in operation and over 2,800 available territories. An additional 77 franchises have been awarded but are not open. This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), relating to future events or the future financial performance of the Company. Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated. Because actual results may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.
Cision Canada
30-07-2025
- Business
- Cision Canada
Winmark - the Resale Company Announces Ongoing Partnership with NHL® Player Matt Boldy
MINNEAPOLIS, /CNW/ -- Winmark Corporation, a leader in the circular economy for over 35 years and franchisor of five resale retail brands – Play It Again Sports®, Plato's Closet®, Once Upon A Child®, Style Encore®, and Music Go Round® – is proud to announce its continued partnership with Minnesota Wild forward Matt Boldy as a brand ambassador. Boldy's story – from purchasing his first golf club at a Play It Again Sports in Dedham, MA, to becoming an elite NHL player – illustrates how access and opportunity can shape an athlete's path. His journey continues to inspire families and young athletes, and this partnership reflects a shared belief in Winmark's mission to bring affordable, accessible, and sustainable options to communities across North America. "Matt is a hockey player with tremendous skill, focus, and drive. More importantly, he is an exceptional individual," said Brett D. Heffes, Chief Executive Officer of Winmark Corporation. "We're excited to extend our partnership with him and work together to make sports more accessible and sustainable to families across North America." "Winmark offers athletes a more affordable way to play, giving families a way to keep their kids on the ice, on the field, or on the course," stated Matt Boldy. "I'm excited to continue collaborating with a company that is committed to breaking down barriers and making it easier for all kids to get into the game. For over fifteen years, Winmark and Play It Again Sports have been part of my journey" With thousands of locally-owned stores across North America, Winmark and its franchisees continue to deliver on its mission to provide Resale for Everyone®. As more athletes, families, and entrepreneurs turn to resale as a smart and sustainable option, Winmark remains at the forefront of the sustainability movement. About Winmark: Winmark – the Resale Company®, is a nationally recognized franchising business focused on sustainability and small business formation. We champion and guide entrepreneurs interested in operating one of our award-winning resale franchises: Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. As of June 28, 2025, there were 1,371 franchises in operation and over 2,800 available territories across North America. An additional 77 franchises have been awarded but are not yet open. For more information, visit or About Matt Boldy: Matt Boldy is a professional hockey player for the Minnesota Wild and a former first-round draft pick in the 2019 NHL Entry Draft. Raised in Millis, Massachusetts, he played collegiate hockey at Boston College where he was a Hobey Baker Award Top Ten Finalist, turned pro in 2021 in addition to winning a gold medal at the 2021 IIHF World Junior Championships, and represented Team USA three years later where he led the 2024 IIHF World Championship in scoring.
Yahoo
28-06-2025
- Business
- Yahoo
Why Winmark Stock Is Slipping Today
The Wall Street Journal reports 18- to 24-year-old shoppers are feeling strained, and spending less. Winmark's Plato's Closet used clothing outlets depend on this demographic for sales growth. Winmark's profits declined last year, and may post only single-digit growth in 2025 and 2026. 10 stocks we like better than Winmark › Winmark (NASDAQ: WINA), the innovative retailer of used toys and clothing best known for its Once Upon a Child and Plato's Closet stores, is seeing some stock selling this morning as its shares tumbled 2% through 12:45 p.m. ET. And why is this happening? It's never 100% certain, but my hunch is that investors may have been spooked by a recent article in The Wall Street Journal, which reported on weak spending within a key customer demographic that Winmark targets. As the Journal reported Tuesday (online) and Wednesday (in print), "in-store and online purchases for 18- to 24-year-olds fell 13% year-over-year between January and April, according to market research firm Circana." Revived payment obligations on student loans, plus an iffy job market and rising credit card pressures, are blamed for the decline in spending. And the Journal notes all of this is hitting sub-24 shoppers especially hard. That's bad news for Winmark's Plato's Closet brand in particular, which targets tween-to-young-20s shoppers. It's worse news since the Journal says two categories where this demographic is spending much less are apparel (down 11%) and accessories (down 18%). Investors may be especially worried given Winmark's pricey stock, which sells for nearly $380 a share, and costs nearly 33 times trailing earnings, and about 30 times trailing free cash flow. Valuations like these require fast growth to justify, yet Winmark profits actually declined last year, and are expected to grow no more than 6% this year (and only 7% next year), according to data from S&P Global Market Intelligence. Weakening consumer spending won't do anything good for those numbers, I'm afraid. Winmark stock is probably a sell. Before you buy stock in Winmark, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Winmark wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Winmark. The Motley Fool has a disclosure policy. Why Winmark Stock Is Slipping Today was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Why Winmark Stock Plummeted This Week
Resale goods franchisor Winmark has seen its shares drop 16% this week. There was no direct news causing this drop, but macroeconomic data may be weighing on the stock. Furthermore, Winmark's valuation has become quite lofty, especially considering its slowing growth rates. 10 stocks we like better than Winmark › Shares of leading resale goods franchisor Winmark (NASDAQ: WINA) were down 16% this week as of 12:30 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence. As of this writing, there appears to be no direct Winmark-related news causing the steady decline in share price. While this lack of news isn't uncommon for the notoriously quiet operator -- CEO Brett Heffes typically only offers a one-sentence comment on each quarter's results -- the 16% drop is eye-catching. Ultimately, however, I believe this sell-off stems more from the company's increasingly stretched valuation and the market's worries over recent data on softening consumer spending. Winmark -- which dubs itself "The Resale Company" -- utilizes a franchise operating model to extend the lives of millions of items, including toys, clothing, sports equipment, musical instruments, and more. Home to over 1,300 locations, Winmark franchises five store brands: Play It Again Sports, Plato's Closet, Music Go Round, Once Upon A Child, and Style Encore. Quietly becoming a leader in the circular economy, Winmark has been a 130-bagger since 2000. However, over the last decade, the company's sales and net income have increased by only 3% and 8%, respectively, annually. Over the same time, Winmark's price-to-earnings (P/E) ratio rose from roughly 20 in 2015 to nearly 40 prior to this week's drop. This combination of below-market growth and above-market valuation left the company vulnerable to a sell-off like we saw this week. With that said, Winmark tends to be beloved by its franchisees, the communities in which it operates, and its customers -- which is why it remains one of my core holdings. Still trading at a hefty 34 times earnings, however, Winmark may need more robust consumer spending figures to return to new highs. Before you buy stock in Winmark, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Winmark wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Josh Kohn-Lindquist has positions in Winmark. The Motley Fool has positions in and recommends Winmark. The Motley Fool has a disclosure policy. Why Winmark Stock Plummeted This Week was originally published by The Motley Fool Sign in to access your portfolio
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Why Winmark Stock Is Slipping Today
Winmark (NASDAQ: WINA), the innovative retailer of used toys and clothing best known for its Once Upon a Child and Plato's Closet stores, is seeing some stock selling this morning as its shares tumbled 2% through 12:45 p.m. ET. And why is this happening? It's never 100% certain, but my hunch is that investors may have been spooked by a recent article in The Wall Street Journal, which reported on weak spending within a key customer demographic that Winmark targets. What's ailing Winmark? As the Journal reported Tuesday (online) and Wednesday (in print), "in-store and online purchases for 18- to 24-year-olds fell 13% year-over-year between January and April, according to market research firm Circana." Revived payment obligations on student loans, plus an iffy job market and rising credit card pressures, are blamed for the decline in spending. And the Journal notes all of this is hitting sub-24 shoppers especially hard. That's bad news for Winmark's Plato's Closet brand in particular, which targets tween-to-young-20s shoppers. It's worse news since the Journal says two categories where this demographic is spending much less are apparel (down 11%) and accessories (down 18%). Is Winmark stock a sell? Investors may be especially worried given Winmark's pricey stock, which sells for nearly $380 a share, and costs nearly 33 times trailing earnings, and about 30 times trailing free cash flow. Valuations like these require fast growth to justify, yet Winmark profits actually declined last year, and are expected to grow no more than 6% this year (and only 7% next year), according to data from S&P Global Market Intelligence. Weakening consumer spending won't do anything good for those numbers, I'm afraid. Winmark stock is probably a sell. Should you invest $1,000 in Winmark right now? Before you buy stock in Winmark, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Winmark wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor 's total average return is818% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
