Consignment shopping is an excellent way to purchase kids and baby clothes, often brand new and for less than one-third of the retail price. Most cities these days have specialty consignment shops for babies, children and teens, too.

The consignment process is simple. If you are a seller, the store sets its criteria for accepting merchandise, and sets the price—usually 50 percent of the new retail price.

Expect a consignment shop to have very high standards for what they will accept: Must be a current style, must be brought in clean and must have no visible wear, holes or stains. You bring your items to the store to be reviewed and submitted for sale. Because most stores have limited hours for this process, be sure to call ahead. Read more