8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  March 10, 2004

Winmark Corporation

(Exact Name of Registrant as Specified in Its Charter)

Minnesota
(State or Other Jurisdiction of Incorporation)
000-22012	41-1622691
(Commission File Number)	(I.R.S. Employer Identification Number)
4200 Dahlberg Drive, Suite 100 Golden Valley, MN 55422-4837
(Address of Principal Executive Offices)  (Zip Code)
(612) 520-8500
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Item 5.Other Events and Regulation FD Disclosure.

On March 10, 2004, the Company announced in a press release that it has made an additional $1.5 million equity investment in Archiver’s retail chain.  A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.

Item 7.Financial Statements and Exhibits.

(c)	Exhibits:
	99.1	Press Release dated March 10, 2004.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	WINMARK CORPORATION
Date:  March 10, 2004	By	/s/	Mark T. Hooley
			Mark T. Hooley
			Vice President and General Counsel

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EXHIBIT INDEX

to

March 10, 2004 Form 8-K

Winmark Corporation

Exhibit Number	Exhibit Description
99.1	Press Release dated March 10, 2004.

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EX-99.1

Exhibit 99.1

Contact:	John L. Morgan
	763-520-8500

FOR IMMEDIATE RELEASE

WINMARK CORPORATION ANNOUNCES ADDITIONAL INVESTMENT IN
ARCHIVER’S RETAIL CHAIN

Minneapolis, MN (March 10, 2004)  —  Winmark Corporation (Nasdaq: WINA) announced today that it has made an additional $1.5 million equity investment in the “Archiver’s” retail chain (www.archiversonline.com). After the investment, Winmark owns approximately 19% of the outstanding stock of the parent company of Archiver’s, Tomsten, Inc.

John L. Morgan, Chairman and Chief Executive Officer, stated, “Archiver’s continues to expand and perform to our expectations.  We are pleased with their progress.”

Winmark Corporation develops franchises, provides business services and operates value-oriented retail concepts for stores that buy, sell, trade and consign used and new merchandise.  At December 27, 2003, there were 812 franchise and retail stores in operation under the Company’s brands and an additional 25 franchises awarded but not open.  Of the stores in operation, there were 449 Play It Again Sports^Ò, 212 Once Upon A Child^Ò, 107 Plato’s Closet^Ò and 44 Music Go Round^Ò stores.