88
| Business World Magazine |
October 2012
ginning, the intent was to franchise the con-
cept.
“
We come from a family of individu-
als who knew the resale business,” Scott says.
“
Chelsea and I have both worked at Kid to
Kid in some capacity as well, so we had the
experience necessary to succeed.”
A BUDDING INDUSTRY
“
I’m really excited about the resale industry
and the potential that it has,” Scott explains.
“
We see that this is a budding industry and
there’s huge potential to add to the very min-
iscule market share that resale clothing stores
enjoy.”
Teenagers and college students are of-
ten looking to be on the cutting edge of fash-
ion, but financial realities can make it diffi-
cult. Designer jeans can run a person $200
to $250 dollars – which is outside of most
students’ budgets. Uptown Cheapskate pro-
vides an avenue to supply those name brand
products at a fraction of the price.
Additionally, Uptown’s product does
not come from the back room in bulk. Each
article of clothing is individually evaluated,
judged on style and condition requirements
and run through a proprietary buying soft-
ware to help the comapny determine what
they can resell it for, and what they should