NTY Franchise

NTY Franchise Company, based in Minnetonka, Minn., is a pioneering force in the rapidly growing $13 billion resale/retail industry. It's an umbrella company overseeing five different resale franchises including Clothes Mentor (women's clothes, 124 stores), Device Pit Stop, (device repair and resale, 10 stores), New Uses (home goods, 10 stores) and Clothing Exchange (teen, young adult clothes, 1 store ). The company recently purchased Children's Orchard, a chain of 32 stores offering top quality, gently used children's merchandise. Founded by Chad Olson and his father, Ron, the godfather of the gently used sector, NTY Franchise company leads the industry in the exploding resale space. Resale spending increased by 19.5 percent between December 2007 and December 2013, nearly six percentage points more than all non-auto retail.