What is a consignment store?

Consignment stores are a popular way for selling merchandise because it offers the seller the potential for a fast sale at a fair profit with minimum hassle. Consignment stores do not own the merchandise they stock. Rather, another person known as the consignor owns the merchandise. The store acts a showroom for consigned goods, inviting customers to see and touch the merchandise in person. When an item is sold, the consignor collects the proceeds, minus the store’s commission. The commission is typically 20%-50% based on the final sales price.

How to Shop at Consignment Stores

Consignment stores, also known as resale stores, are a popular destination for smart shoppers who want style on a budget. It’s not uncommon to find virtually new, brand name merchandise up to 80% off retail price. Consignment stores are also great places to find unique merchandise not available at the mass retail stores. Consignment stores do not own the merchandise they sell. The merchandise is owned by a consignor who has made an agreement with the store owner to split the proceeds of a sale. Consignment stores offer high-quality contemporary, designer and sometimes vintage clothing, shoes and accessories. Since the shop usually shares the proceeds of a sale with the original owner, prices tend to be higher than vintage and thrift stores. A good bargain at a consignment store doesn’t last long. When you see something you like at the right price, you need to act quick. Chance are that piece will be gone tomorrow, even later that day. Keep these suggestions in mind to get the most from your consignment shopping: – Shop regularly to see the latest arrivals. Many consignment stores on Showroom Finder feature virtual showrooms. You can browse the latest arrivals with just one click. – Let your local consignment store know what you’re most interested in and all of your measurements. Many will call you when your preferences come in, or at least consider consigning things they know there is demand for. – Carefully examines the item(s) you’re considering buying. Consignment stores sell “as is” so you want to know about any damages or wear, including stains, tears, dents, and faulty operation (sticky drawers or zippers that are tough to zip), before you buy. – If the damage or wear is something you can live with, ask for a discount of 20-30%. Chances are the consignment store will accept your offer. – Walk the entire store. Many consignment stores are randomly organized, so that perfect item may be hidden in the back. – Sign up with the store’s mailing list. It’s a great way to stay informed about upcoming sales and new arrivals. Many stores featured on Showroom Finder feature a guest book where you can enter your name and email. – Understand the return and exchange policies of the consignment store. Some stores offer a 24-hour return policy, but most do not. Once you buy, it’s yours.

Tips for Clothing Consignment Store Shopping

Make a point to visit a few weeks after a change of season, a time when many people clean out their closets to make room for new clothes. – Take a look at all styles that you fancy, and that look like they might fit. Previous owners may have had garments altered, so the size 12 may fit more like a size 10. – Consider altering items that may not fit perfectly. Even with a nominal tailoring charge, you’re likely to come away with a great deal, especially on high-end designer items.

Tips for Furniture Consignment Store Shopping

Carry a list of what you’re looking for with ideal dimensions for each piece. Be sure to measure the clearance of doorways and stairs in your house. Keep a measuring tape with you. – If the consignment store does not offer delivery for large pieces, you will need to arrange your own shipping. Ask the store for recommendations. Most stores will allow you to keep your purchase at the store for up to a week until you can arrange delivery. – Inspect furniture carefully. Sit on chairs to test for comfort, loose joints or wobbly legs. Open doors and drawers to check for any sticking, broken parts or damaged or missing hardware. – Value design above finish or upholstery, which can be changed. How would a piece work if you shortened its legs or removed its drawers? If it’s not an antique, imagine how paint or a slipcover can create a fresh personality.

Russell Droullard

Russell Droullard is an online marketing expert with a speciality in search engine marketing for independent retailers. He has over 20 years of experience directing marketing programs for startups, consumer brands and global manufacturers. Russell can be followed on social media at @rusdroullard and +RussellDroullard.

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