noun the action of consigning or delivering something
In the fashion industry, consignment can involve designers or brands placing their products in a boutique or store to be sold on a commission basis.
In retail, consignment refers to the practice of a supplier delivering goods to a retailer who pays for the goods only after they are sold.
In logistics, consignment may refer to the shipment of goods from one party to another, with the receiving party responsible for selling the goods.
In the furniture business, consignment can involve individuals leaving their furniture with a store to sell on their behalf.
In the art and antiques industry, consignment is common when an artist or collector leaves their pieces with a gallery or dealer to sell on their behalf.
In the retail industry, consignment refers to an arrangement where a supplier or manufacturer agrees to deliver goods to a retailer, who only pays for the goods when they are sold to customers.
Art galleries often work on consignment, where artists deliver their artwork to be displayed and sold in the gallery, with the gallery receiving a percentage of the sales.
Antique dealers frequently work on consignment, where they sell items on behalf of their clients and take a percentage of the sale price as commission.
Fashion designers may use consignment agreements with boutiques or department stores to sell their clothing collections, with the retailer paying the designer for sold items after they are sold.
Furniture makers may consign their pieces to stores or galleries, allowing them to display and sell the furniture on behalf of the maker, who receives payment when the items are sold.