Consignment store percentages -- what's fair?
*This was also posted in the Lounge*
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!
OffWithTheirHeads
(10,337 posts)Fwiw, I often buy clothes on e-bay.
Flaxbee
(13,661 posts)consignment ..
Thanks for your input
cbayer
(146,218 posts)If so, there is a great organization called dressforsuccess.org that you might consider looking into.
Flaxbee
(13,661 posts)I have a lot of clothes I'm going to donate today to a local charitable thrift -- plus a ton of books.
I'm not by any means flush anymore at all (happier outside of the corporate world, but ...) -- and if I can get some cash for the designer suits, I'd like to try...
Curmudgeoness
(18,219 posts)The store does have all the expenses involved in keeping the physical location, including rent and utilities. I have never gone the consignment store route---I just donate clothes that I don't wear anymore to people who I know who need them and will use them, or to charitable thrift stores. But that is mostly because the consignment stores in my area require that the clothes be no older than 2 years, and I don't get rid of them that fast.
But if you are intending on getting some money out of them, I would definitely talk to all of the consignment stores in the area before I made a decision.
Flaxbee
(13,661 posts)would like a little cash if at all possible from the 'designer' pieces ...
No one mentioned an age requirement, but if these items have to be less than 2 years old, I'm toast. These are all from the late-90s.
Lars39
(26,263 posts)One store was seasonal with a 2 week window of accepting properly labeled clothes, and a 2 week window of pickup. The other store would just keep the clothes until they sold or for up to a year,iirc.
Flaxbee
(13,661 posts)Thanks.
dimbear
(6,271 posts)Clothing is really tough to sell for any significant money, unless it's high end stuff from the 30s or 40s.
Flaxbee
(13,661 posts)If I were closer to a bigger city (I'm about an hour from DC) I'd probably put my items into consignment there - not necessarily that the percentage is better, but that the pricing is.
I'd donate all of these items if I didn't need the extra cash. Hopefully soon I'll be in a better position and that won't be a concern.