Consignment shops grow in popularity
Stores offer an option for economy-minded college students
In an economy that has been hurting for the last few years, consignment shops are a booming business.
Consignment shops have become a way for people to make some extra cash from clothes they no longer wear and find new items at great prices.
Jan Glandon, owner of Labels Consignment shop in Mason City, spoke about the benefits of consigning.
“Everyone seems to be on budget these days especially teenagers and the trends are always changing so this is an affordable way to keep up with the changing trends and make some extra cash,” Glandon said.
Labels is a popular shop in Mason City for the young and old alike as it carries only name brand clothing and gives the opportunity to own name brand clothing at affordable prices. College students can find this to be a useful way to sell their clothing and to purchase a whole new wardrobe for less than it costs to own a pair of jeans from a high-end store.
Glandon said she didn’t know what to expect when she opened Labels in November, but so far the clients keep coming.
“I began this business thinking that my clients would be teenagers through 60 year olds, but now the majority of my clients are teenagers and college students,” Glandon said.
College students throughout the nation share the same financial problems, some more than others.
Multiple sites can even be found to help students to plan their budget for college expenses. Consigning offers a way for individuals to generate income off of what they already own and make the extra cash they need.
Erin Pohlman, a student at North Iowa Area Community College, is a regular visitor to consignment shops.
“I love consignment shops because you can find really nice clothes at reasonable prices,” Pohlman said about how she felt about consignment shops.
Pohlman has also used these shops to sell her own clothing.
“It was a wonderful experience,” Pohlman said. “I was able to make some money on clothes I didn’t want anymore.”
New consignment shops are opening, not only in the area, but also over the entire state.
Some shops will take any items year round, shops like Labels only take trendy items that are in season or transitional.
Glandon said that this keeps the items on her racks current and changing so that there are new items constantly.
As Glandon describes it, the customers that shop at her store are the customers of the individuals who bring her the items.
The consignors, or individuals who bring their items, get 40% of the sale price of the items.
Keeping these items current and in season maximizes the chance that items will sell and that the consignor will make more money.
When individuals bring their items into a consignment store many times an appointment will need to be set up for the first visit to be taught what the policies and procedures are as well as what items are acceptable.
It may seem complicated but at Labels, Glandon said some of her best clients are teenagers that are on a strict budget.
For those that fear that these items might be dirty or worn, many consignment shops, including Labels, require that items be clean and free of stains as well.
Specific guidelines for clothing consigned at Labels are available upon request and state that they must be “in-style”, like-new condition, and free of pet hair and lint.
These shops offer an alternative to shopping for just one pair of jeans at the mall as customers elect to buy two or three at the consignment shop.
Consignment shops offer another option to holding a rummage sale or looking for clothing at one.
Bringing items to a consignment store generates extra income for the consignor and gives the chance for another to enjoy those items.
These shops are a growing trend in this economy and can be an option for many college students.