What is a consignment store?
Consignment stores are becoming a popular
way for selling merchandise because it offers the seller
the potential for a fast sale at a fair profit with
minimum hassle.
Consignment stores do not own the merchandise
they stock. Rather, another person known as the consignor
owns the merchandise. The store acts a showroom for
consigned goods, inviting customers to see and touch
the merchandise in person.
When an item is sold, the consignor
collects the proceeds, minus the store’s commission.
The commission is typically 20%-50% based on the final
sales price.
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