Consignment differs from "selling outright", where a seller brings items in and receives immediate payment on review.
The word consignment comes from the French consigner, meaning "to hand over or transmit", originally from the Latin consignare "to affix a seal", as was done with official documents just before being sent.
Features of consignment are:
"Consignment shop" is an American term for those second-hand shops that sell used goods for owners (consignors), typically at a lower cost than new. Not all second hand stores are consignment shops. In consignment shops, it is usually understood that the consignee (the seller) pays the consignor (the person who owns the item) a portion of the proceeds from the sale. Payment is not made until and unless the item sells. The consignor retains title to the item and can end the arrangement at any time by requesting its return. A specified time is commonly arranged after which, if the item does not sell, the owner can reclaim it (or, if not reclaimed within a period, the seller can dispose of the item at his or her discretion).
Merchandise often sold through consignment shops includes antiques, athletic equipment, automobiles, books, clothing (especially children's, maternity, and wedding clothing which are often not worn out), furniture, firearms, music, musical instruments, tools, paragliders and toys. eBay, drop-off stores and online sellers often use the consignment model of selling. Art galleries, as well, often operate as consignees of the artist.
Consignment shops differ from charity or thrift shops, in which the original owners surrender physical possession and legal title to the item as a charitable donation, and the seller retains all proceeds from the sale. They also differ from pawn shops, in which the original owner can surrender physical possession and legal title for an immediate payment, or surrender physical possession of the item in exchange for a loan, and can only reclaim the item upon repayment of the loan with interest or else surrender legal title to the item. In the UK, the term "consignment" is not used, and consignment shops that sell women's clothing are called "dress agencies". Although the other types of consignment shop exist, there is no general term for them.
A consignor brings their second-hand items in to be reviewed. After being reviewed, a "yes" pile will be made. These are the items that are acceptable for selling in the store. These items are generally in perfect condition and lightly used without any stains/damages/defects. The items will be priced at a fraction of their retail price (usually 1/3 to 1/4 of their original cost). When a consignor's item(s) sell, they make a percentage of the purcased price so that the store and the consignor make a profit. Policies differ among stores.
There are laws against consigning fake designer clothing.
With our 24 years reputable service in the Philadelphia area, authenticity and customer service are guaranteed by Revivals Consignment Boutique.
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