Winmark Corporation Announces Management Changes, Effective March 1, 2020
January 29, 2020 at 05:13 pm
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On January 29, 2020, Winmark Corporation announced that its current Executive Chairman, John L. Morgan, will retire as a Director and as Executive Chairman, effective March 1, 2020. Additionally, the company announced that its Board of Directors has elected Brett D. Heffes, currently the company’s Chief Executive Officer and Director, to the additional responsibility of Chairman of the Board, effective March 1, 2020.
Winmark Corporation is a franchising company. The Company offers licenses to operate franchises using the service marks Platoâs Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round. In addition, the Company sells point-of-sale system hardware to its franchisees and certain merchandise to its Play It Again Sports franchisees. It has developed an e-commerce platform that allows franchisees of its Music Go Round, Play It Again Sports and Style Encore brands to market and sell in-store product inventory online. It operates through the franchising segment, which franchises value-oriented retail store concepts that buy, sell and trade merchandise. It has over 1,319 franchises in operation in the United States and Canada and 2,800 available territories. It also operates as a middle-market equipment leasing business through its wholly owned subsidiary, Winmark Capital Corporation. Its subsidiaries also include Grow Biz Games, Inc., and Wirth Business Credit, Inc.
WINMARK CORPORATION 
