consignment shop

  

Definition

Retail store that specializes in consignment sales. Consignment shops provide customers with a place to display and sell their merchandise. The shop will decide what they are willing to sell and for what price. After the sell has been completed, the consignment shop and the owner split the profits. If an item does not sell after a certain period of time, the owner has the ability to retrieve the items from the consignment shop.

Use consignment shop in a sentence

  • Me and my friend wanted to take the item I bought to the consignment shop to see if we could get a good deal by selling it.

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  • The consignment shop does more business in the inner city than anywhere else and we have identified the cause to be income disparity based on location.

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  • If you can find a consignment shop you may be able to negotiate the price down a bit and get a really good deal.

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