What is Consignment? Definition and Trends
3 min read
What is Consignment? Definition and Trends

What is Consignment?
Consignment is a business arrangement in which a business, also referred to as a consignee, agrees to pay a seller, or consignor, for merchandise after the item sells. Consignment businesses are typically retail stores that specialize in a particular type of consumer product.
The business accepts items for sale and agrees to pay the seller a percentage of the proceeds if and when the goods do sell.
Common products sold through consignment, or second-hand, stores...

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