Consignment Structure Change Jan. 1, 2018

I wish to Thank all of you for a wonderful year. We have had lots of changes and much excitement this year!

After 9 years of The Millionaire’s Daughter, and with all the changes over the years, we are going to make an adjustment to our consignment program. This adjustment will be beneficial to the growth of our business, and I believe will create an even better program for both our consignors and customers.

Since 2009 we have kept our consignment fee as a 50/50 split, but due to costs of utilities etc., we find that we need to change our structure to accommodate the increases we have experienced. We have tried hard to keep this split 50/50, but as of January 1, 2018, we will be going to a 45/55 split and a 4 month term. We work very hard to ensure that your furniture is placed on the floor to help secure a quick sale, and with our advertising across Ontario and over 25% of our inventory sold from viewing on line, I also believe that the major drop (15%) changing at the end of the 3rd month will also be beneficial for the amount collected by the consignor. Please note: All current consignors will need to sign a new contract in the new year.

Consignment Structure:
45% for Consignors
55% for The Millionaire’s Daughter

Consignment Term – 4 months:
After 30 days – drops 10%
After 60 days – drops another 10%
After 90 days – will drop the 15% and stay at this last price for one month bringing the term to 4 months.

Leave a Comment

Your email address will not be published. Required fields are marked *

  • I have never done this before, I have a leather couch and love seat and wondered how much it cost for pick up? and do you set the prices?

    • Hi Carol, Thanks for leaving us a comment! We subcontract a delivery team that will quote you directly for the cost of transporting your items. The best way to go about consigning at our stores is to complete a Sell Your Furniture form through our website! We set the prices based on what we’ve sold in the past and what we currently have in store. A general rule is 1/3 of the retail. Wishing you all the best!