Tag Archives: #terms

In Case you did not know….

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

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