National Consignment Day

National Consignment Day is every first Monday in October, offering a great opportunity to get rid of unwanted items and make some money, or buy something interesting for half the price! The holiday was founded by The RealReal, an online luxury retailer, and has become increasingly popular over time.

History

The idea of consignment stores is not new; it is said that carts were used to collect and sell items long before the 19th century. At the end of the 19th century, religious communities began to join the consignment movement, collecting goods to support their needs. The 1950s saw a rapid expansion of consignment stores in America due to the high demand for affordable yet high-quality goods.

Interesting facts

• Not all goods are sold; if they aren’t sold within a certain period, they are returned to the owner.
• The commission rate is usually between 20 and 30%.
• Almost anything can be sold on consignment – from clothes and toys to books, furniture, and jewelry – depending on the specific organization.
• In many countries, the word “consignment” is not used.

How to take part

If you want to join in the celebration, take your unwanted items to the nearest consignment store. Be sure to clean them thoroughly; dirty or unkempt products are unlikely to be accepted. Tell your friends about this day and have some fun together! Get informed about the circular economy and share your thoughts on social networks.

When is National Consignment Day in 2024?

National Consignment Day is observed on the first Monday in October each year.

Observations