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Posts Tagged ‘consignment’

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…)

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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…)

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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…)

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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…)

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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!

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Reading an article on the growth of consignment shops in Vietnam, I was struck by this quote:

Consigned items sell relatively well thanks to

(more…)

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Finding the pieces that match: cooperating with nonprofitsWe’ve talked before about consignment and resale shops working with various non-profit groups to help them with their fund-raising… and incidentally, helping YOUR business with your profile-raising.

The second consignment account I set up in my shop (the first being me, of course… where else would I get to be eternally #1?) was the charity my mother-in-law was so active in. Lee collected, prepped, and stored donations from her chapter until I picked it up and consigned it in the charity’s name.

Another one of my consignment accounts was a not-for-profit group I was active in. This charity never got a check from us… they always used up their credit outfitting women who had a need for interview and career clothing, after completing various courses designed to give them a hand up after difficult situations. Our program of consign/outfit won an international prize from the organization for innovation and results!

Here’s a neat summation of how a Junior League has dealt with the difficulties of one of their past fund-raising events, by partnering with a NFP consignment shop in a very specific, very profitable way.

Read the article in the Woman’s Exchange Consignor News.

Save

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