i just read an interesting article in California Apparel News. The gist of the article is that many shop owners are requesting consignment terms from designers (especially for new designers or “risky” looks) – and many designers are accepting. just another way of dealing with “the economy situation“.  i actually consigned a lot of merchandise when i first opened ooma. i was short on cash – so this was a great way to fill the store. plus i was interested in carrying a lot of indie designers – so it was something many were used to.Â
terms vary – but i would suggest a 50/50 split (i don’t see any rational reason why a boutique should make more than the designer if they are willing to offer these terms) an payment once a month (within a week at the end of the month).Â
figure out how to track consignment sales in your POS system (generally a new department works well) so you can easily track the inventory and payments due.
i’d never heard of the term “has wheels” referred to consigning in the article – but i think it’s kinda cute.
anyone have any tips on how best to work with consignors or consigned merchandise?
