Posts Tagged ‘consignment’

Does your marketplace include a segment of the local population who disdain to use your consignment services, who feel it is beneaath them to “sell” their “old clothes”? But you suspect they could have wonderful things that your customers would buy, and that disconnect seems insurmountable to you?

If you’re dealing with folks who feel like (more…)

Read Full Post »

A shopkeeper asks:

“Can you tell me how to figure out how much it costs to accept a single item?”

Auntie Kate answers:

This figure is not easy to pinpoint exactly, but we can get a rough number in two steps:

1- Your daily overhead, divided by the amount of time spent per item (obviously, an average). That’s the FIXED COST. Do not include expenses directly related to employees at this point. If you have only one person working, use the full amount of the time segment; otherwise, divide the daily overhead by the number of staff normally present.

2- PLUS how much the person (more…)

Read Full Post »

Armloads of incoming consignments!An interesting approach from this consignment shop owner:

I received this near the end of July from someone who had a concern:

I had a lady who is not a consignor yet but said that she wants to become one and that she has a lot of [fill in whatever fall goods your shop could sell the heck out of.] She was very insistent on getting to bring her fall items in now. We would like to give our current consignors dibs on what floor space we have. We told her (more…)

Read Full Post »

1701xx-malloreigh_wearing_boxing_glovesGive your best consignors a punch…

a punch card that is!

Sonya Nix of Better Than Before Consignments mentioned in a private forum that once, she gave (more…)

Read Full Post »

There are laws in resale you must not flout, a post on AuntieKate.wordpress.com, the Professional Resalers' resource.You must obey this law… and if you don’t, you will suffer.

While flouting this law won’t get you a jail sentence,  it could contribute to the death of your business.

What law are we looking at here? (more…)

Read Full Post »

Recently, a shopkeeper got the queasies. (She didn’t read one of my recent blog posts, did she?) She asked:

My agreement says things not picked up at the end of the period are mine. But what if someone sees their stuff in my bag sale? Is it okay for me to sell these things?

Other shopkeepers were quick to tell her yes, it was indeed fine to sell out-of-dates (ODs). But she remained unconvinced. This is what Auntie Kate would have said (more…)

Read Full Post »

Your back room isn't this bad, is it? says Kate Holmes of TGtbT.comHow many times do you or a staffer touch incoming merchandise?

Ever thought about how much time that takes?

Ever thought about how much MONEY that takes?

  • Take the batch from the consignor/ seller/ donor. Put it in your accepting area.
  • Label it with the info you will need to later process it.
  • Sort into things you can accept and those you can’t.
  • Enter it into inventory.
  • Go back and price each item.
  • Rehang, fold, whatever. Maybe even steam it? Place on the sales floor.
  • Label NTYs. Move them into short-term storage. Fetch them when the consignor/ seller comes to take them back.

I’m tired just typing that. Think about how you operate. Is there a way to stop touching these items over and over again? A way that not only will make you more efficient but that will please your supplier? A way that will allow you to get incoming on the sales floor in less than 24 hours? A way that your time can be spent selling, not accepting (after all, selling’s where the money is!)

Here’s an excerpt from Your Money-Wise Guide to Accepting & Pricing to help you make the most of your accepting/pricing time:

Tricks to quicken clothing check-in:
1- First, check the areas most likely to have too much wear: armpits, crotch, neck and wrists. Stains,  pilling, discoloration. Then, whether any elastic the garment might have is still snappy. Soil often shows most on the satin neck label.
2- Check for fading across shoulders, under lapels, across collar. Yes, things fade even in dark closets.
3- Next, holding the hem of the garment, pull it out so the front is as parallel to your lights as possible. Spots and stains pop out (this is the real reason for items having to be on hangers, and of course for having good lighting at your check-in area!)
4- Check fasteners: buttons, snaps, zippers. Then seams and hems (both for no missing stitching and for twisting which results from a garment being cut incorrectly when it was new and once it was washed, skewing. Knit fabrics are especially prone to this.)
5- Not everything, of course, is “good as new”. But at this point you need to examine according to your own standards. Is a missing button okay on an Escada suit, but too much of a flaw on an Anne Klein dress? Is that Eileen Fisher T-shirt artfully faded or is that Hanes T just too greyed? A bit of wear might be acceptable on something you really need (for example, a size 16 mother-of-the-bride outfit) but not on something you have an abundance of (size 6 Levis.)

And of course you don’t need to go through this entire process if the item is one that doesn’t pass the first few tests: a style your clientele wants, clean, odor-free. THOSE items get put aside without a second glance. The above 5 steps don’t matter if it’s not a style your customers will buy, if it’s soiled or reeks of smoke/ moth balls/ pets.

For more on how to accept and price incoming with profit in mind, get your own copy of Your Money-Wise Guide to Accepting & Pricing, a Too Good to be Threw Product for the Professional Resaler. Wouldn’t you love to have an hour or more back, every day? You can!

Read Full Post »

Older Posts »

%d bloggers like this: