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Auntie Kate The Resale Expert

Kate Holmes of TGtbT.com talks with consignment, resale & thrift shopkeepers about opening, running, & making their shop THRIVE!

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Kate concedes, but watch your language.

October 4, 2011 by Auntie Kate of Too Good to be Threw

Now you know that a big bugaboo for me, when I am evaluating consignment and resale stores, is making your shopper do her own math re markdowns.

But as a consultant in the real world of volunteer-staffed thrift stores in the non-profit world, I agree that

the mark-it-down-with-a-red-pen method is unsustainable.

That’s why “the “color tag” method doesn’t really bother me in large, high-volume, thrift shops.

But watching how the stores word their signage is vital. I mean, who in heaven’s name wants to pay full price?

Only a sucker pays full price

Even worse, what’s a DNR*? Sure you know, but do your customers?

More bad markdown signage in a consignment, thrift, or resale price.

How about, for signage like this, you replace “Full Price” with a simple, motivating phrase like “New Arrivals“? And the DNRs? How about “Boutique Goods” or “Exceptional Values“? That way, your customer doesn’t feel like a sucker when she covets something with “the wrong color tag”?

A deeper discussion of markdowns, and why the way you handle and do them is so important to success, in an earlier entry here on the Auntie Kate blog.

* DNR stands for “do not reduce” and is usually used for goods which are exceptionally valuable or coveted by your customers.

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Posted in Not-for-Profit Resale, Shopkeeping talk | Tagged Thrift | 1 Comment

One Response

  1. on October 4, 2011 at 12:03 pm Jenni Gardiner Schwarzkopf's avatar Jenni Gardiner Schwarzkopf

    New Arrivals (Get ’em while they’re hot!)



Comments are closed.

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