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Items will be brought in by the consignor under the guidelines listed above. The items will be priced by the store within 24 hours of being taken in. (Any items that are price sensitive must be discussed with a store employee at time of the item’s acceptance into the store. (The final pricing decision however, rests solely with the store). Once priced, items will be on the sales floor for about thirty days (30) at their original price. If after the approximate thirty (30) days the item does not sell, it will be on sale for a week at 30% off the original store price. If the item still does not sell, the item will then be marked down to 50% off the original store price and stay on the floor for one final week. After approximately forty-five (45 days), any un-sold item(s) will be removed from the floor & bagged if the consignor designated at the time of consignment to have these items returned if not sold. (A bagging fee per consigned date will apply.) If for some reason the consignor would like an item(s) returned before the 45 day time frame, it will be the consignor’s responsibility to locate the items on the floor and notify the store employee. If the consignor designated to donate any of the un-sold items after the forty-five (45) day sales period, the items will be donated to one of the store’s designated charities. Although Lotus Consignment will do our best to protect your items by discouraging theft & damage, we can not be responsible for lost, damaged or stolen items. Any item that has been damaged that we feel can still be sold will be done so at a discount with a loss to the consignor & the store. We reserve the right to refuse service.
Please print and sign the Consignment Policy Contract (PDF)