Consignment stores sell secondhand goods, but unlike thrift stores, profits are split between the store and the seller. Consignment shops only accept items in good condition, and often carry designer clothes at a fraction of the cost. Buyers can find good deals on branded clothing.
Consignment stores are often confused with thrift stores because both sell secondhand goods. While they share this feature, there is also a major difference between them. With thrift stores, merchandise is donated and all profits either go back to the thrift stores or are donated to charity. The people who donate the goods get nothing in return except good karma and sometimes a tax break. When goods are sold on consignment, on the other hand, the profits are split between the consignment shop and the person who brings the items up for sale.
Since thrift store merchandise is donated, for the most part buyers get what they pay for, and clothing may be stained, torn, or generally worn. Most consignment shops won’t accept merchandise unless it looks like new. Because of this, the goods sell for a higher price than those found in thrift stores. Since the owners split their profits, they want to get the highest possible price in exchange for their items, so used merchandise can’t look second-hand.
In addition to clothing in poor condition, most consignment shops won’t accept used items unless they recognize the name on the tag. In many cases, they aren’t interested in carrying generic brands or clothing originally bought at a discount store.
Many times, the profit split is 50/50 or 60/40 between the seller and the store, with the larger percentage going to the consignment store. Many people actually make a living selling their lightly used merchandise this way. Bargain hunters also often like these shops because they know they are getting a good deal on some decent items since the goods are all previously owned. Consignment shops in upscale locations have been known to carry designer clothes at a fraction of the original cost.
Items that are worn only once are perfect for consignment sale. Wedding dresses, tuxedos and prom dresses can all be found in these stores. This is perfect for the bride on a budget or anyone else who doesn’t want to spend a fortune on formal wear. The best part is that the shop will be happy to resell the products after they have been used a second time, as long as they are still in good condition.
People looking to buy nice clothes at a discount may want to start looking into consignment shops. The clothes are in good condition, they are usually branded, and buyers can buy them at a discount. With the money going to the store and the original owner, it’s often a win-win situation.
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