NATIONAL CONSIGNMENT DAY | FIRST MONDAY IN OCTOBER
As the seasons change and our lives evolve, so do our styles and budgets. On the first Monday in October, National Consignment Day offers a way to elevate both. The holiday celebrates consignment as the smart, sustainable way to shop, earn money, and extend the lifecycle of your items.
Check your overstuffed closet and what will you find? In everything from designer clothes to evening gowns and fine jewelry, last year’s blue jeans and the never-worn is the opportunity for cash in your pocket. Conversely, is your wardrobe looking a little thin? Update it by shopping consignment, which offers new and gently used, name-brand items for a fraction of the retail price.
Another bonus: nothing ends up in the landfill. That’s right! Exchanging someone else’s fashion sense for your own keeps the cycle of good taste going.
HOW TO OBSERVE NATIONAL CONSIGNMENT DAY
How much money is lingering in your closet or garage? National Consignment Day offers an excellent way to reap some rewards while clearing out space. It also gives your gently used items a second life!
The RealReal is introducing the #NeverThrowAway movement urging consumers to either consign or donate items they no longer want. While you go through your closets, storage rooms, and garages, consider these ways to celebrate the day:
Consign – Set up a free consultation and in-home consignment appointment. Get started here.
Donate – Send your items to GOOD+ Foundation to help break the cycle of poverty. Learn more here.
Valuations – Office or facetime appointments with one of The RealReal’s experts to receive a free price quote, or drop off your items at one of our Luxury Consignment Offices. Get started here.
Share – Demonstrate your commitment to sustainable living and conscious consumption by posting your consignments and donations on Instagram this week using the hashtags #NeverThrowAway and #NationalConsignmentDay.
Use #NationalConsignmentDay to share on social media.
NATIONAL CONSIGNMENT DAY HISTORY
The RealReal founded National Consignment Day in 2017 to celebrate consignment as the smart, sustainable way to shop, earn money and extend the lifecycle of luxury items.
The Registrar at National Day Calendar® proclaimed National Consignment Day to be observed on the first Monday of every October.
ABOUT THE REALREAL
The RealReal is the leader in authenticated luxury consignments with a certified expert inspecting every single item. The company has reinvented luxury resale and has changed how people think about and consume luxury goods. The RealReal provides the largest selection of pre-owned, authenticated luxury items including women’s and men’s fashion, fine jewelry & watches, and fine art & home decor. Consignors earn up to 70% of the sale price and items sell quickly. The company operates Luxury Consignment Offices in seven US cities that offer free fine jewelry and watch valuations from certified gemologists, as well as white glove consignment service.
The RealReal is a member of the Ellen MacArthur Foundation’s CE100. The RealReal has successfully disrupted the old consignment model by bringing the experience into a digital marketplace that focuses on trust, fast sell-through, and great service. Founded in 2011, The RealReal has 6 million buyers and consignors with 5 million items sold across all luxury categories and is a leader in the circular economy.
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Q. What can I sell on consignment?
A. Consignment shops often specialize in specific products. They may only take women’s clothing, children’s toys and clothes, or sporting goods. Check with the consignment shop to see what they are accepting. Sometimes they have too much of a particular item. Also, make sure you’re selling something in good or excellent condition. If you wouldn’t buy it at a consignment shop, you shouldn’t sell it there either.
Q. How should I price my consignment items?
A. Of course, you want to get the best bang for your buck. A good rule of thumb for pricing items on consignment is between 20-40% of what you originally paid. Also, follow the consignment shop’s guidelines. They may require items to be laundered or prepared in a specific way before accepting consignment.
Q. What happens to unsold items?
A. While consignment shops are designed to sell the best gently used items, sometimes shoppers show no interest in an item and it doesn’t sell. When this happens, the consignment shop returns the items to the seller.