Yoogi's Closet is an online store where people can buy and sell women's luxury secondhand clothing. It was started in 2008 by Simon Han and his spouse, Eugenia Han, in Seattle, Washington. The store's name comes from Eugenia's nickname, "Yoogi," and many of its first items were from her personal collection. The company's main focus is ensuring that every designer item sold is genuine, as each item is carefully checked by professionals.
Yoogi's Closet's yearly income grew by 548% from 2009 to 2013, increasing from $1.55 million to $10.05 million. Even though investors showed interest in the company, Yoogi's Closet did not accept outside money. This choice helped the company make decisions quickly about important changes that might have been delayed if investors were involved.
Recognition
Yoogi's Closet was listed in the Puget Sound Business Journal's list of 100 fastest growing private companies for three consecutive years: 2012, 2013, and 2014. In 2014, Yoogi's Closet was nominated for the Bootstrapper of the Year award by Geekwire.