During closet cleaning, you stumbled upon an old slightly-worn Calvin Klein dress you bought several years ago and realized you don’t want it anymore. Giving the dress to a friend or donating it to a charity group may seem generous, but selling it on consignment will be more sensible—and practical. Besides, by letting others use the designer dress this way, you can also earn additional cash.
How It Works
Consignment stores are like resale shops but they generally don’t pay you cash outright. When you present a piece of clothing to a consignment store, the store will assess the value of the item based on the current season or demand, and will offer a price for it. Consignment stores may offer a higher price for a designer label than stores that buy on resale basis. It would be a lot helpful to know the financing process of the reseller when choosing online consignment shops.