How To Be Stylish For Pennies
Consignment store shopping is having a heyday. According to NARTS: The Association of Resale Professionals, in the past year both new stock and new customers have increased dramatically. In this economy, that’s no surprise: “You can spend up to 95 percent below retail prices,” says Ann Siner, owner of Eco Chic Consignments in Phoenix. Read on for the ins and outs of how to buy and sell.
What Is Consignment Shopping?
You know those khakis that your son wore once and then outgrew? Or that dress hanging in your closet that you just don’t love? Consignment stores will buy them from you to sell to their customers at a deep discount. They’ll typically price your item at one-third of the retail value; once it sells, they’ll pay you 35 to 50 percent of that price (or a little more in store credit). So, if you bring in a $90 dress, they’ll tag it at $30, and you’ll take home around $15 after someone buys it. Resale or buy-sell-trade stores will give you cash or store credit upfront and will often take lower-priced clothing—but as with consignment, clothing must be in pristine condition. If your item doesn’t sell in 90 days, you can pick it up, or some stores will donate it to charity. (Weekend Chic: Michael Kors blazer, $30, Imitation of Chris jeans, $20, and J.Crew blouse, $19, all from Buffalo Exchange. Coach Leather bag, $35; Beacon’s Closet. Abaeté for Payless flats, $14; Re/Dress NYC. Total price: $118.)
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