Yoogi's Closet Revenue Recognition References Navigation menulink to itrelated articlesFind link toolwww.yoogiscloset.com"Yoogi's Closet""Yoogi's Closet""Luxury online consignment shop Yoogi's Closet bootstraps to $1M in monthly sales""Yoogi's Closet fulfills demand for luxury goods""Yoogi's Closet""Yoogi's Closet – A Lesson on Spotting Fakes""Fastest-Growing Private Companies Hall of Fame""GeekWire Awards 2014"

RetailersCompanies based in SeattleCompanies established in 2008


SeattleWAPuget Sound Business Journal's























Yoogi's Closet
Type

Private[1]
IndustryRecommerce
Founded2008 (2008) in Seattle, WA[2]
Founders
  • Simon Han

  • Eugenia Han


[3]
Headquarters

Seattle, WA
,
United States

ProductsUsed Luxury Handbags, Clothing, Shoes, Accessories, and Jewelry
Revenue
  • $1,550,000 (2009)

  • $4,740,000 (2011)

  • $6,000,000 (2012)

  • $10,050,000 (2013)[3][4][5]

Websitewww.yoogiscloset.com

Yoogi's Closet is an online fashion resale store for buying & selling women's luxury secondhand goods. It was co-founded in 2008 by Simon Han and his wife Eugenia Han in Seattle, WA.[3] The name "Yoogi's Closet" was chosen because Eugenia's nickname is Yoogi, and many of the store's initial goods came from her own collection.[4] The company's main value proposition is their guaranteed authenticity of each designer item, each of which are professionally examined.[6]



Revenue


Yoogi's Closet annual revenue has increased 548% between 2009 and 2013 ($1.55 million to $10.05 million),[3][4][5] and Yoogi's Closet has appeared in Puget Sound Business Journal's list of 100 Fastest-Growing Private Companies three years in a row (2012, 2013, and 2014).[7] Despite investor interest, Yoogi's Closet has avoided outside funding, which has facilitated quick decision-making for significant changes that may have been slowed by investors.[3]



Recognition


In 2014, Yoogi's Closet was nominated for Geekwire's Bootstrapper of the Year award.[8]



References




  1. ^ "Yoogi's Closet". linkedin.com. Retrieved 19 November 2014..mw-parser-output cite.citationfont-style:inherit.mw-parser-output .citation qquotes:"""""""'""'".mw-parser-output .citation .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-ws-icon abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center.mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-maintdisplay:none;color:#33aa33;margin-left:0.3em.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em


  2. ^ "Yoogi's Closet". crunchbase.com. Retrieved 19 November 2014.


  3. ^ abcde Soper, Taylor. "Luxury online consignment shop Yoogi's Closet bootstraps to $1M in monthly sales". geekwire.com. Geekwire. Retrieved 19 November 2014.


  4. ^ abc Stiles, Marc. "Yoogi's Closet fulfills demand for luxury goods". bizjournals.com. Puget Sound Business Journal. Retrieved 19 November 2014.


  5. ^ ab "Yoogi's Closet". inc.com. Inc. Retrieved 19 November 2014.


  6. ^ Craig, Tina. "Yoogi's Closet – A Lesson on Spotting Fakes". snobessentials.com. Snob Essentials. Retrieved 19 November 2014.


  7. ^ Monk, Becky. "Fastest-Growing Private Companies Hall of Fame". bizjournals.com. Puget Sound Business Journal. Retrieved 19 November 2014.


  8. ^ "GeekWire Awards 2014". geekwire.com. Geekwire. Retrieved 19 November 2014.









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