FAQStrategy

What does it mean to consign in fashion?

Selling on consignment is a business arrangement where goods are provided by one party, known as the consignor, to another party, known as the consignee, who then sells the goods on behalf of the consignor.

What does it mean to sell on consignment?
FAQStrategy

What does it mean to consign in fashion?

Credit: Rebag Consignment Store

Selling on consignment is a business arrangement where goods are provided by one party, known as the consignor, to another party, known as the consignee, who then sells the goods on behalf of the consignor. The consignee does not purchase the goods upfront but takes possession of them to sell them. The consignor retains ownership of the goods until they are sold. If the goods do not sell within a specified period, they can be returned to the consignor without any financial obligation on the part of the consignee.

RetailBoss

RetailBoss is an independent global news publication and business insights platform built for executives, founders, operators, analysts, marketers, investors, and brand leaders. Our reporting covers the retail shifts across luxury, fashion, beauty, technology and marketing strategy.

Since
2011
Audience
50 Million+
Coverage
Global Markets
Our editorial stance

We prioritize news value, evidence, attribution, and practical relevance to retail decision-makers. Sponsored work is identified, and editorial coverage is kept distinct from commercial partnerships.

More from FAQ

Recommended Articles

RetailBoss Daily

Sign up for RetailBoss Daily Newsletter

Start the day with the retail news, exclusive context, and key industry events that matter—delivered directly to your inbox.

RETAILBOSS DISCOVERY

What are you looking for?

Search the stories, companies and ideas shaping retail.

Start exploring

Esc to close · Tab to navigateOpen full results →