Now, consignment, for those of you don't know, I mean, probably most of you have either been to a consignment store.
I bet Alice is all about consignment.
Are you kidding me? Well, tell us, you
explain consignment then.
Okay, so Mrs. Brett and I go consignment shopping all the time.
Consignment shop is just secondhand store, right? But there are nice consignment stores.
But there's also like high end consignment stores where you have like a lot of children's clothing, for example, because children grow out of their clothes very fast, so they may wear their very expensive, special smocked outfit one time before they outgrow it, but it's still a perfectly good outfit.
And so you'll buy it at a consignment store for a fraction of the retail price.
toys, really anything could be consignment.
And people make a living on this, especially now really with the explosion of social media.
So consignment is simply secondhand shopping.
Yeah, and basically the people who own it are making an agreement with the store, and the store has the storefront.
I mean, think like antique shops, things like that.
They have this whole setup, and people come in and they buy it, and the person who put it on consignment, they get a portion of the proceeds.
The store owner gets a portion of the proceeds.
Everybody's happy.
Everybody's happy.
And so...
And
that's a great point, Brett.
Now, consignment, for those of you don't know, I mean, probably most of you have either been to a consignment store.
I bet Alice is all about consignment.
Are you kidding me? Well, tell us, you
explain consignment then.
Okay, so Mrs. Brett and I go consignment shopping all the time.
Consignment shop is just secondhand store, right? But there are nice consignment stores.
But there's also like high end consignment stores where you have like a lot of children's clothing, for example, because children grow out of their clothes very fast, so they may wear their very expensive, special smocked outfit one time before they outgrow it, but it's still a perfectly good outfit.
And so you'll buy it at a consignment store for a fraction of the retail price.
toys, really anything could be consignment.
And people make a living on this, especially now really with the explosion of social media.
So consignment is simply secondhand shopping.
Yeah, and basically the people who own it are making an agreement with the store, and the store has the storefront.
I mean, think like antique shops, things like that.
They have this whole setup, and people come in and they buy it, and the person who put it on consignment, they get a portion of the proceeds.
The store owner gets a portion of the proceeds.
Everybody's happy.
Everybody's happy.
And so...
And
that's a great point, Brett.
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