Consignment Store

A consignment store is a retail business that sells second-hand items on behalf of their original owners. Unlike regular second-hand stores, consignment shops are more selective about what they accept and operate on a profit-sharing model.

Here's how it works: the original owner (consignor) brings in items (e.g. luxury bags), and if accepted, the store (consignee) displays and sells them for an agreed period. When items sell, the profit is split between the store and the original owner, typically something like 40-60%. If items don't sell within the agreed timeframe, they're either returned to the owner or donated.

Consignment stores often focus on higher-end, designer, or quality vintage pieces and maintain stricter standards for condition and style than typical thrift stores. They usually price items higher than regular second-hand stores but lower than retail. Many consignment stores now also operate online, and some specialize in specific categories like designer handbags, luxury fashion, or furniture.