SECOND-HAND CLOTHING CHAIN EXPANDING
Posted on August 23, 2012 at 3:56 pm by West Sider
Second Time Around, a chain of consignment shops that opened an Upper West Side location last year, is expanding again. The store plans to open a new 2,000-square-foot shop at 238 West 72nd Street by the end of the year, Crain’s reported. That space used to house a stationary store, but has been vacant for awhile.
A consignment shop sells items that people bring in and then gives a percentage of the sale price (40% in STA’s case) to the original owner.
This is my block! I was hoping something would come into this space soon. I am not familiar with STA, but it will certainly help with the thinning out of the closets each season, so welcome!
Is this a typo, and the store gets 40%, or does the store really get 60% of the purchase price? Seems crazy high for consignment.
The store gets 60%, according to its website. Avi