Welcome to part 1 of my Consignment Store Shopping series on Trading Up Downtown! 
Let’s start with the basics:
What is consignment store shopping?
You know that dress you bought for your friend’s wedding, but decided to wear something else instead? Or that pair of jeans that fit perfectly before you put them in the dryer? Well, consignment stores will buy them from you to sell to their customers at a discounted price. If they’re just sitting in your closet not being worn, you are essentially wasting your money. Might as well try to sell them!
How does consignment store shopping work?
Typically, consignment stores price your items at 1/3 of the retail value (sometimes more, sometimes less). Once your piece sells, you’ll receive a percentage of the sold price. (This amount varies between consignment stores, but it is almost always clearly stated when you agree to sell your items.) Most stores give you the option to take the cold hard cash or use it as a store credit. If your item does not sell in 90 days (sometimes more, sometimes less), you can pick it up or some stores will donate it to charity.
Next post: How to sell your stuff!
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Oh, that’s cool! It would definitely be really awesome to donate my stuff… Ever since losing a lot of weight (unhealthily, unfortunately) I have a lot of clothes that don’t fit me. I wish there was a consignment store I knew about in Shanghai
Wei-Wei
Some friends have made great finds at consignment stores, snagging designer clothes for a fraction of the retail price. I’m usually not patient enough to sort through all the mess, though.
I did not know about this! Keep it coming
[...] Consignment Shopping 101: Part 1 [...]
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