Yoogi's Closet
| Company type | Private |
|---|---|
| Industry | Fashion resale, E-commerce |
| Founded | 2008 in Seattle, Washington, United States |
| Founder | Simon Han, Eugenia Han |
| Headquarters | Seattle , United States |
Area served | Worldwide |
Key people | Simon Han, Eugenia Han |
| Products | Pre-owned luxury women's fashion items |
Yoogi's Closet operates as a digital marketplace focusing on the resale of high-end women's pre-owned fashion items. Established in 2008 by Simon Han and Eugenia Han in Seattle, Washington, the brand's name is inspired by Eugenia's personal moniker, “Yoogi,” with many of the initial products coming directly from her wardrobe. The company sets itself apart by offering a guarantee of authenticity, meticulously authenticating each luxury piece before sale.
From 2009 through 2013, Yoogi's Closet experienced a remarkable increase in yearly revenue, expanding by 548% from $1.55 million to $10.05 million. The firm has chosen to forgo external investment, which has allowed it to maintain swift decision-making capabilities and strategic flexibility free from investor limitations.
Recognition
For three straight years (2012–2014), Yoogi's Closet was listed among the Puget Sound Business Journal's top 100 fastest-growing private enterprises. Additionally, in 2014, the company earned a nomination for Geekwire's Bootstrapper of the Year award.