National Consignment Day is celebrated 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.
The idea of consignment stores is not a new one; 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 supported, yet high-quality goods.
- Not all goods are sold; if they aren’t sold within a certain period of time, they are returned to the owner.
- The commission rate is usually between 20 and 30%.
- Almost anything can be sold on a 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 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 celebrated in 2023?
National Consignment Day is observed on the first Monday in October each year.