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Related: Culture Forums, Support ForumsConsignment store percentages -- what's fair?
I have some suits from my former life as a corporate attorney that I'd like to sell ... eBay isn't always the most lucrative option and we have a few consignment stores here in town.
I have some nice items -- designer suits, and items that are 100% wool, 100% silk, etc. (hard to find that anymore at a good price point).
One told me that they keep 60%, and give me 40%.
Is that fair? Skewed?
Any guidance/advice appreciated. Thanks!
Redlo Nosrep
(111 posts)One of the first sites I visit when I'm researching a business or wanting to sell something is the Ripoff Report and yes, maybe only disgruntled customers bother to file the negative reports and there might be THOUSANDS of satisfied customers, too... At least the site offers the opportunity for rebuttals.
Check the Consignment Category stories as part of your due diligence would be my advice:
http://www.ripoffreport.com/Stores/consignment-stores/Search.aspx
Excerpt: "I brought approximately $6000 (used prices) worth of very high end clothing to be consigned by this store. When I only got around $300 or less in three months, I contacted them and asked nicely if I could come and pick up the remainder of my clothes, and also see what they had sold the clothes they did sell for. I went in there and several pieces were "lost," and several more were sold for a frighteningly low amount."
I hope it works out for you to get reasonably compensated, whichever decision you make.
Fla Dem
(23,753 posts)for what I got for them, it didn't seem worth the effort. I ended up donating the remainder of my wardrobe to a local organization that outfits less fortunate women for job interviews. While I didn't get a monetary reward (although the donation was tax deductible) it did make me feel good to think someone, trying to make something out of a difficult life, would benefit.
If you are able financially, you might consider this alternative. Here is a link to one of those organizations.
http://www.dressforsuccess.org/home.aspx
Or check with some local groups (Goodwill, St Vincent de Paul) to see if they have a similar program in your area.
HopeHoops
(47,675 posts)Keep in mind that they have a lot of overhead and usually have low traffic. Every sale means a lot. The other point is, wouldn't it be nice to know that someone's getting use out of something you no longer use?
That's kind of my theory behind eBay and second-hand thrift shores. We like two in particular (not GoodWill or Salvation Army) One uses proceeds to help veterans. The other not only uses proceeds to help the homeless, but they donate items to help them and have a 30-day rotation cycle. Whatever doesn't sell in 30 days is sent to 2nd hand stores in Africa. Anything that doesn't eventually sell there is sent to shredders that are used to make bedding and insulation. It's a good system. My three daughters love both stores and are most creative in what they put together (for VERY little money).
With a suit like yours, I'd go with consignment. The likely buyers are ones who are looking for bargains on quality items (as opposed to just cheap ones), so you'll be doing everyone a favor there.
zanana1
(6,129 posts)Somebody looking for work who can't afford to buy a suit would be very happy.
JCMach1
(27,574 posts)I see thrift and consignment stores stacked to the gills with clothing at cheap prices... so much so I do not sell clothing in my shop. The margins are just too low and the space they take-up (enormous).
I would concur with those recommending donation.