Latest / Small Business Success with Fexingo: Local Companies, Main Street Stories, and Community Commerce
How a Local Consignment Shop Used a Pricing Pledge to Beat thredUP
In this episode of Small Business Success with Fexingo, Lucas and Luna explore how a local consignment shop in Portland, Oregon, used a radical pricing pledge to compete with thredUP, the online resale giant. The shop, ReLove Consignment, promised sellers a guaranteed 60% payout on every item sold—far above thredUP's typical 5-40%—and backed it with weekly cash-outs. Lucas breaks down the numbers: how the shop's 40% gross margin still leaves room for profit, and how the pledge turned casual sellers into repeat suppliers. Luna asks whether such a model could work in other categories…
The skinny
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