The consignment process functions as a partnership designed to mitigate risk for the retailer while maximizing exposure for the supplier. Consignment Sales: Benefits, Challenges, and Best Practices
A consignment sale is a specialized commercial arrangement where an owner (the ) provides goods to a third-party seller (the consignee ) to be sold on their behalf . This model is fundamentally defined by the fact that the consignor retains legal ownership of the merchandise until a final sale to a customer occurs. It is a popular strategy in industries such as fashion, art, and high-end electronics, as it allows for broader market reach without requiring the seller to purchase inventory upfront. Consignment Sale: An Overview consignment sale: overview | treat