Consignment Shopping vs. Thrift Shopping

Wednesday, September 30, 2015

Bella Tells Us  the Difference Between Thrift and Consignment Shops!

Both thrift stores and consignment shops are environmentally-friendly, or “green” in part because the merchandise is collected locally and reused which is a form of recycling. When clothing is reused it is a form of recycling and doesn’t find it’s way into the landfill.
They are also similar because you won’t find rows and rows of multiple sizes of the same style. Generally you’ll find one of a kind items at these stores.
what is consignment articleConsignment stores are different from thrift shops, resale shops, and hospice shops in 3 major ways. They are closely related in some ways so it's difficult for many shoppers to tell them apart.
When you buy second-hand clothes you’re also not supporting third world sweat shops that churn out much of the woman’s clothing you find in traditional retail stores these days.
They are similar in that they both offer used goods at fraction of the cost of buying the same item new in a department store at full retail. You’ll find affordable clothes and other consignment items at either, but you can spot their differences as well if you keep the following questions in mind:
1) Which has better quality? One way they are different is the quality of woman’s clothes they carry. At a consignment shop items found for purchase are generally in new or nearly new condition and gently used without any pulls, odors, stains, or damage. A thrift store isn’t as selective and is willing to put nearly anything on the racks for resale. You may pay less in some cases, but it’s a matter of “you get what you pay for”.
A consignment shop is a store that offers used clothing or other items at deeply discounted prices as well. Generally you pay 25 to 33 cents on the dollar versus their original cost at retail store prices. One key advantage of shopping at consignment stores however, is that the owner of the shop does all the “rummaging” for quality name brand, and designer labels; and looks for only the best quality clothes, which saves you time. Clothes must be clean, free of defects, and often must be brought in on hangers versus in a heap at the bottom of a bag at a thrift shop.
2) Who keeps the money? A thrift store is where the original owner donates the used clothes or other item as a charitable donation. The charity/seller keeps all proceeds from the sale of that item. The original owner may receive a receipt she could used to take a tax deduction on her taxes.
At a consignment store, when a consignor’s item(s) sell, they make a percentage of the sold price so that the store and the consignor both make a profit. Essentially they’re in business together as a partnership of sorts.
3) Who owns the goods? At a thrift store, the person dropping off the item gives up ownership immediately.
At a consignment shop, the person who originally brought in the consignment item retains title to the item during the consignment period which is generally 60-90 days long. If the item does not sell, the owner may be able to reclaim it in some cases, or the seller can dispose of the item at the store’s discretion. The consignee, or the seller, pays the consignor, the person who owns the item, a percentage of the proceeds from the sale when the item sells.
HOW IT WORKS
A consignor brings their used clothing to the store to be evaluated. After being reviewed, the items that are acceptable by the consignment store for selling are logged in. Either a manual written or electronic database records each item and who is to be paid when the item(s) sell.
A consignment contract is signed by the consignee agreeing to the terms of sale between the consignor and consignee. The shop advertises, display the clothes, pays the overhead, and handles the sale and collects the money for the consignor’s clothes.
When a consignor’s item(s) sell, they make a percentage of the sold price so that the store and the consignor make a profit. Consignment differs from “selling outright”,or “resale shop” selling, where a seller brings items and gets paid immediately after the resale shop selects the items it wants to sell at their store. 

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