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.