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WHAT IS CONSIGNMENT?
Whether it's the Dolce & Gabbana jacket you fell for
then seldom wore, or the Hepplewhite table that doesn't fit the new dining room,
your once-loved treasures can be a true joy to someone else. And just think of all the kids'
clothing, gear, and equipment that your kids outgrow! That's what consignment shops do—they
connect your underloved items with new owners who will adore
them! How consignment works...
When you agree to consign your items to a shop, you're a consignor. You maintain title to your possessions but give the rights to sell these items
to the shop, which is the consignee.
You receive the agreed-upon monetary return
after the goods are sold...if they are sold.
That's consignment in a nutshell. Specifics of consigning with a shop should be clearly outlined in their
consignment agreement, which will spell out the monetary return,
length of consignment period, price-reduction policies, and so on. These details
might be a factor in which shop you choose. So
what's a RESALE shop?
Technically, all shops which sell consumer goods which have had a previous
owner are resale shops. That includes consignment shops, donation-only thrift
stores, and shops which buy their merchandise outright.
However, most shoppers call a buy-outright shop a resale shop. These shops can,
and most do, buy from the general public: you. Read
more:The
benefits of consigning
Should I select a consignment, buy-outright, or donations-only shop?
What if I want to start my own shop?
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