Consignment shops appeal to a lot of potential retailers simply because they do not require a large grubstake to purchase merchandise to sell to customers. Well, they think, that’s cool. If I don’t sell it at a profit, heck, I don’t have to pay for it. So, I don’t sell it, I’m not out a [...]
Posts Tagged ‘bankrupt’
More ways to go bankrupt, even if you don’t pay for your merchandise
Posted in Shopkeeping talk, tagged bankrupt, BOR stores, consignment, thrift on January 7, 2008 | 5 Comments »
How can a consignment shop go BANKRUPT?
Posted in Shopkeeping talk, tagged bankrupt, buy-outright, consignors, resale, starting a consignment shop, thrift on October 1, 2007 | 6 Comments »
That’s what one of our Sharers wanted to know the other day. It’s a common misconception. Those looking at the business from the outside in, think They get all their stock for free so what’s the big deal about starting a consignment shop?
Yes, it totally possible for a consignment shop to go bankrupt. Sometimes they [...]
