A consignor is a person or business that places goods or products with a consignment shop or store for sale on a consignment basis. This means that the consignor retains ownership of the items until they are sold, at which point they receive a percentage of the sale price. Consignors are often individuals looking to sell clothing, accessories, furniture, or other items they no longer need, or small businesses looking to sell their products in a retail setting without the upfront costs of purchasing store space or inventory. Consignors typically sign a contract with the consignment store outlining the terms of the agreement, including the percentage of the sale price they will receive and how long the items will be on consignment.
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