I need to get the terms right myself….
Know the terms
Resale, thrift or consignment? Here’s how to tell the difference.
- A resale shop is a store that buys its merchandise from individual owners.
- A thrift shop is run by a non-profit organization to raise money to fund its charitable cause.
- A consignment shop accepts merchandise on a consignment basis, paying the owners of the merchandise a percentage when and if the items are sold. Some consignment shops also purchase items outright from individual owners and/or wholesalers.
Source: The Association of Resale Professionals, narts.org
