From shopping to selling, Uptown Cheapskate offers an elevated, upscale resale clothing experience that is like no other in the industry
The resale clothing industry is booming and there’s been a surge of interest in the slow fashion trend across many consumer demographics, from Gen Z to Millennials. What’s not common, however, is the elevated, upscale resale shopping experience entrepreneurs who open an Uptown Cheapskate franchise provide shoppers.
Every Uptown Cheapskate location features an aesthetically pleasing ambiance, from decor and lighting to store displays and dressing rooms. It’s not the typical thrift store experience with dingy lighting and floors, and unorganized racks. This upscale experience is exactly what differentiates us from competitors such as Plato’s Closet, Clothes Mentor and Buffalo Exchange and helps garner attention from top franchising rankings like Franchise Chatter’s 10 Best Apparel and Accessories Retail Franchises List and Entrepreneur’s Franchise 500.
With more than 80 locations in 24 states, Uptown Cheapskate focuses on giving young professionals and eco-conscious individuals a place to buy and sell fashionable, name-brand items. We provide a chic and trendy customer experience, as well as an opportunity for customers to save money while keeping their gently used clothing out of landfills.
“Uptown Cheapskate is a store where a person who has never shopped resale before, can come in and feel comfortable,” says Chelsea Sloan Carroll, Brand President of Uptown Cheapskate. “Our stores smell nice, and there’s a lot of open space. We reduce search costs for our customers, unlike other thrift stores, who make customers dig for items. Our items are organized by color and by style. This approach really pays off for customers, who become used to sustainable shopping and they come back all of the time.”
A low-cost business opportunity that helps the community and the planet
The resale industry boom is being driven by consumers who want to save money and embrace eco-friendly shopping practices. According to ThredUp’s 2020 resale report, the resale clothing industry was on track to double before the pandemic. The report continues to say that now, this growth may very well accelerate, and that resale is coming out (of this pandemic) a big winner, mostly due to the pandemic’s effect on the economy.
Uptown Cheapskate is a brand with a noble purpose, and our franchise owners have the drive, dedication, and enthusiasm to improve both their business and surroundings. Each Uptown Cheapskate resale clothing business owner demonstrates our company mission by carrying out an effort to make a positive global impact.
“There used to be a stigma associated with shopping resale,” says Dave Martell, Director of Franchise Development with Uptown Cheapskate. “People used to brag about what they spent on an item, and after the Great Recession, that no longer made sense. People want to look great and save money at the same time, and our franchisees really understand that. We’ve created a business model that allows them to provide a truly meaningful service to their communities, and you can do enormously well for yourself at the same time.”
The resale market was valued at $28 billion in 2019, with a forecasted 39 percent annual growth rate, it is positioned to reach an estimated $64 billion by 2024. For entrepreneurs looking to capitalize on the incredible growth of the resale clothing industry, 2021 is the year to invest in an Uptown Cheapskate resale clothing business.