Consignment VS Thrift

There's a lot of talk about "thrifted" items in the blog-o-sphere...but what does it mean???

Thrift:
Merriam-Webster dictionary defines a thrift shop as "shop that sells secondhand articles and especially clothes and is often run for charitable purposes"  


Typically speaking, thrift stores are donation-based and, like the dictionary definition said, many times the proceeds go to a charitable cause.  Because it is donation-based, the quality of the items may vary from location to location.  Often times, the prices are set prices and usually the organization is by type of item and/or color.


Examples:
Goodwill
Salvation Army
Savers
Locally-based charity/donation shops


Consignment:
Consignment is a relatively new idea, possibly fueled by the present economic status.  It is such a new phenomenon that the dictionary definition simply said "the act of consigning."  Helpful, right?


To consign means to bring items into a store to sell.  The consigner receives a percentage of what the item sells for.  The most common split is 60/40 with the consigner receiving 40%, the consignment store I work at works on a 50/50 split, and there are probably many more variations.  Most often you will have to wait for your items to sell before you receive your percentage.  


Examples:
The Fairy Circle 
Crossroads Trading Co.
Locally-based consignment shops


Re-Sale:
However at some shops (I like to call them resale), they will pay you upfront for your items...typically resulting in less than a 50/50 split as they are taking a chance that they will sell.  Many resale shops offer cash on the spot or an immediate credit toward purchases in the store (often this will be a little more than what they  could pay you in cash).


Examples:
Plato's Closet
Clothes Mentor
Buffalo Exchange
Locally-based re-sale shops (just ask if they buy outright or wok on a consignment base)




Some people consider "thrifted" to be strictly from a "thrift" store while others consider anything "thrifty" (including discount stores like TJ Maxx, Marshalls, Rugged Warehouse) as in, anything that saves you a bunch of money.  I love to shop all of the above as it is a way to re-use, recycle, and save a lot of $!




If you have any further questions or if you need help finding thrift or consignment stores in your area feel free to contact me via email or leave a comment!  I'd be happy to help :)

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