Everything I know about buying and selling clothes on consignment I owe to my friend Kathleen, a remarkably well-dressed woman. She shops exclusively in consignment stores, but only those that are located in upscale areas. And boy, can she dress. She’s a consignment seller, too. In fact, I’ve known Kathleen to buy an outfit from one of her favorite consignment stores for a special occasion, then turn around and sell it back into consignment the next day. See what I mean? She’s very clever.
The consignment process is simple. 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.
If you are a seller and your items meet the store’s criteria, your items will be put on the sales floor and displayed for 30 to 60 days. Once sold, you will receive 30 to 50 percent of the purchase price depending on that store’s policy. Read more