Archive for Thursday, September 4, 2008
Secondhand sales increase across US
September 4, 2008
Advertisement
Los Angeles As befits a recording artist living in fashion-conscious California, Laura Cohn has an extravagant wardrobe stuffed with world-class labels and high-wattage jewelry.
But she's going for a different brand of shock and awe: Her two pairs of True Religion jeans, which can run more than $300 apiece, cost $35 and $40 at the Lucky You Resale Boutique in North Hollywood. She put down $23 for her Coach loafers. The Gucci sandals she wears to work? $25.
The 45-year-old Burbank resident is a longtime bargain shopper. Recently married, she bought her wedding dress for $20 on eBay. She rarely ventures into department stores, preferring to "buy designer clothes for next to nothing."
"It's pretty funny to see people's jaws drop - they can't decide if they're going to smile or be sick," she said. "I love getting deals."
Boutiques are folding, and fewer buyers and sellers are going to a shrinking number of retail trade shows.
But Cohn is getting a lot of company at consignment, resale and thrift stores, from parents shopping for back-to-school clothes to sales reps trying to squeeze cash out of samples no one else will buy.
"There's a panic right now, and everyone's scared out there," Lucky You co-owner Dina Kimmel said. "But resale is booming. Business for everybody else is bad, but for us, it's great."
Consignment stores sell goods for individual consignors, who technically own the item until the sale goes through and they receive a portion of the transaction. High-end consignment typically is referred to as resale. Thrift or charity businesses usually stock their stores through donations and keep all the revenue.
In a survey conducted by the National Association of Resale & Thrift Shops comparing sales figures for April 2007 and April 2008 at 185 stores, 75 percent said their sales had increased, 80 percent reported a jump in new customers and 65 percent noted a boost in suppliers. Just 10 percent said their sales had decreased.
Department store sales fell 5.7 percent from July 2007 to the same month this year, and the specialty apparel sector skidded 5.5 percent, according to the International Council of Shopping Centers.
At Lucky You, sellers have ramped up their spring cleaning, some coming in weekly when they once swung by twice a year. Even wealthier customers who once donated now consign, spreading the extra cash to baby sitters or housekeepers, Kimmel said.
After a while, most consignment stores offer to donate a seller's items to charity. But these days, more sellers are opting to take back the goods and try their luck elsewhere, store owners said.
The consignor list at Lucky You gets crowded faster than it used to. Kimmel and fellow owner Gina Canepa now accept only brand-name items.
Some consignors are finding that the common 30 percent to 50 percent cut they get at a store isn't enough. So they head to consignment conventions, where they sometimes see up to 70 percent of the proceeds.
Each of the 65 Just Between Friends franchises nationwide put on about two events a year, where participants can buy and sell baby clothing and gear. In Tulsa, Okla., the site of the original event, 1,250 consignors gathered for the fall show, founders Daven Tackett and Shannon Wilburn said.
"Families that were living pretty well are having to stretch their dollars because what they're bringing in isn't doing what it used to do," Tackett said. "This is just a smart option."
Top ads RSS
- Douglas County CASA, Inc. is seeking a part-time Volunteer Supervisor. ...
- Apartment Turnover help needed Looking for cleaners & painters. July ...
- SECURE YOUR FUTURE! High earnings, creative freedom, lifetime security. Reece ...
- ECKAN is now hiring for the following positions: Case Managers ...
- Frito Lay
Marketplace
Arts & Entertainment · Bars · Theatres · Restaurants · Coffeehouses · Libraries · Antiques · Services
- Tiller murder suspect advocates ‘justifiable killing’ via mail from jail July 5, 2009 · 34 comments
- U.S. must restore faith in monetary system July 5, 2009 · 18 comments
- Mass St. momentum July 5, 2009 · 6 comments
- Couple speak out on transgender issues July 5, 2009 · 50 comments
- Shooting in Douglas County sends Eudora man to hospital, suspect turns gun on himself July 5, 2009 · 34 comments
- Blog: Name That Tune! July 5, 2009 · 21 comments
- New law: Left lane only for passing July 2, 2009 · 199 comments
- Three detained after Sunday nightclub shooting July 5, 2009 · 50 comments
- Palin links her resignation to ‘higher calling’ July 5, 2009 · 53 comments
- Blog: Sarah Palin: With Interest July 4, 2009 · 137 comments
- A new reign: Lawrence landmark the Castle Tea Room open again after extensive renovations July 5, 2009
- Couple speak out on transgender issues July 5, 2009
- CHARLIE HOAG HOPES FOR PLAYING TIME October 10, 1999
- School district needs to cut $500K more July 3, 2009
- Free State Brewing Co. and WheatFields among 8 Wonders of Kansas Cuisine June 19, 2009
- He made a decision, not ‘a mistake’ July 5, 2009
- Serial killings have South Carolina residents on edge July 4, 2009
- Restaurant inspector stresses education July 5, 2009
- Having the money talk: Financial communication essential for couples June 29, 2009
- NBAF funding cut from bill June 26, 2009


4 September 2008
at 12:34 p.m.
Suggest removal
Permalink
jmadison (Anonymous) says…
Someone should invent an internet site called eBay.