Resale vs. Consignment?

Whether it's that expensive jacket you fell for then seldom wore, or the beautiful table that doesn't fit the new dining room, your once-loved treasures can be a true joy to someone else. And just think of all the kids' clothing, gear, and equipment that your children outgrow! Consignment and resale shops connect your under-loved items with new owners who will adore them!

How consignment works...

When you agree to consign your items to a shop, you're a consignor. You maintain title to your possessions but give the rights to sell these items to the shop, which is the consignee. You receive the agreed-upon monetary return after the goods are sold.

That's consignment in a nutshell. Specifics of consigning with a shop should be clearly outlined in their consignment agreement, which will spell out the monetary return, length of consignment period, price-reduction policies, and so on.

What's a resale shop?

Technically, all shops that sell consumer goods which have had a previous owner are resale shops. That includes consignment shops, donation-only thrift stores, and shops which buy their merchandise outright. However, most shoppers call a buy-outright shop a resale shop. These shops can, and most do, buy from the general public.