Consignment shops differ from charity or thrift shops, in which the original owners surrender physical possession and legal title to the item as a charitable donation, and the seller retains all proceeds from the sale. They also differ from pawn shops, in which the original owner can surrender physical possession and legal title for an immediate payment, or surrender physical possession of the item in exchange for a loan, and can only reclaim the item upon repayment of the loan with interest or else surrender legal title to the item. In the UK, the term “consignment” is not used, and consignment shops selling women’s clothing are called “dress agencies”. Although the other types of consignment shop exist, there is no general term for them.
“Thrift store shopping usually consists of donated goods whereas consignment shopping is usually designer or high quality goods that retain a better resale value,” Raya Jaffer, style expert and Co-Founder of Rodeo Drive Resale explained earlier this year. Designer discount newbies are often unaware of this major difference between thrift items and merchandise sold on consignment, which can lead to a bit of confusion.
At Rodeo Drive Resale, buyers can search new arrivals online from well-known fashion houses such as Gucci, Prada, Jimmy Choo and more. Depending on the popularity of the site, sellers may range from individual clients, high profile celebrities or even actual boutiques, and unlike other resale stores, consignment stores are a bit more discriminating in items they are willing to accept. This means fall favorites such as cardigans, boots and blazers are likely to be in better condition when purchased through consignment.
Raya also suggested bargain hunters looking to one-up the competition on fall fashion deals carve out a good chunk of time to invest shopping when visiting an in-store consignment retailer.
“Go with plenty of time to look. Unlike a regular retail store that may have a handful of styles in multiple sizes, a consignment store is going to have multiple styles but not a limited number of sizes. You will need time to browse hundreds, or sometimes thousands, of individual items. Shopping consignment online is a bit easier especially with a site like ours, which has the capability to narrow items down according to size, style, color and price range,” she said.
For shoppers looking to make purchases, shopRDR.com is not only the world’s largest reseller of iconic brand St. John Knits, but offers a large variety of designer goods including discount Prada, Gucci, Manolo Blahnik and Tiffany & Co. On Cyber Monday, shoppers saved up to 75% off all merchandise at shopRDR.com.
So you tell us: Do enjoy using consignment stores?