A price is the quantity of payment or compensation expected, required, or given by one party to another in return for goods or services. In some situations, especially when the product is a service rather than a physical good, the price for the service may be called something else such as "rent" or "tuition". Prices are influenced by production costs, supply of the desired product, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions.
A flea market is a type of street market that provides space for vendors to sell previously owned (second-hand) goods. This type of market is often seasonal. However, in recent years there has been the development of 'formal' and 'casual' markets which divides a fixed-style market (formal) with long-term leases and a seasonal-style market with short-term leases. Consistently, there tends to be an emphasis on sustainable consumption whereby items such as used goods, collectibles, antiques and vintage clothing can be purchased, in an effort to combat climate change and fast fashion.
A charity shop (British English), thrift shop or thrift store or opportunity shop or op-shop is a retail establishment run by a charitable organization to raise money. Charity shops are a type of social enterprise. They sell mainly used goods such as clothing, books, music albums, shoes, toys, and furniture donated by the public, and are often staffed by volunteers. Because the items for sale were obtained for free, and business costs are low, the items can be sold at competitive prices. After costs are paid, all remaining income from the sales is used in accord with the organization's stated charitable purpose. Costs include purchase and/or depreciation of fixtures, operating costs and the building lease or mortgage.
A garage sale is an informal event for the sale of used goods by private individuals, in which sellers are not required to obtain business licenses or collect sales tax.
Discount stores offer a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.
Savers Value Village Inc. is a publicly held, for-profit thrift store retailer headquartered in Bellevue, Washington, United States, offering second hand merchandise, with supermajority ownership by private equity firm Ares Management. An international company, Savers has more than 315 locations throughout the United States of America, Canada, and Australia, and receives its merchandise by paying money to non-profit organizations for donated clothing and household items. Savers is known as Value Village in the Pacific Northwest, the Baltimore metropolitan area, and most of Canada, and Village des Valeurs in Quebec. Chicago stores and some locations in the Washington, DC metropolitan area are under the name Unique. In other regions of the U.S. and in Australia, the stores are named Savers.
Used goods, also known as secondhand goods, are any item of personal property offered for sale not as new, including metals in any form except coins that are legal tender, but excluding books, magazines, and postage stamps. Used goods may also be handed down, especially among family or close friends, as a hand-me-down.
Car boot sales or boot fairs are a form of market in which private individuals come together to sell household and garden goods. They are popular in the United Kingdom, where they are often referred to simply as 'car boots'.
Consignment is a process whereby a person gives permission to another party to take care of their property and retains full ownership of the property until the item is sold to the final buyer. It is generally done during auctions, shipping, goods transfer, or putting something up for sale in a consignment store. The owner of the goods pays the third-party a portion of the sale for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set time limit at which an item's availability for sale expires. Within the time of contract, reductions of the price are common to promote the sale of the item, but vary by the type of item sold.
Vintage clothing is a generic term for garments originating from a previous era, as recent as the 1990s. The term can also be applied in reference to second-hand retail outlets, e.g. in vintage clothing store. While the concept originated during World War I as a response to textile shortages, vintage dressing encompasses choosing accessories, mixing vintage garments with new, as well as creating an ensemble of various styles and periods. Vintage clothes typically sell at low prices for high-end name brands.
A closeout or clearance sale is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire, over-ordering, or especially because of bankruptcy. In the latter case, it is usually known as a going-out-of-business sale or liquidation sale, and is part of the process of liquidation. A hail sale is a closeout at a car dealership after hail damage.
An antique shop is a retail store specializing in the selling of antiques. Antiques shops generally have a physical presence in a shop where the wares are stored and displayed, but some antique shops are online, with no physical retail location.
A junk shop is a retail outlet similar to a thrift store which sells mostly used goods at cheap prices. A low-quality antique shop may border on being a junk shop. Shoppers who frequent junk shops are often referred to as "junkers", "pickers", "bargain hunters", "rummagers", etc.
A white elephant sale is a collection of used items being sold, much akin to a yard sale or garage sale, often as a fund-raiser for a cause.
A marketing channel consists of the people, organizations, and activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products get to the end-user, the consumer; and is also known as a distribution channel. A marketing channel is a useful tool for management, and is crucial to creating an effective and well-planned marketing strategy.
A second-hand shop is a shop which sells used goods.
A charity rally is a charitable event in which participants usually drive, ride or otherwise participate in through the medium of motorised wheeled transportation in an event to raise money for a charitable cause.
Customer to customer markets provide a way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service. In customer to customer markets, the business facilitates an environment where customers can sell goods or services to each other. Other types of markets include business to business (B2B) and business to customer (B2C).
Beautiful Store is a Korean nonprofit organization and charity shop. It was launched in 2002, following the model of the Oxfam shop, and now operates over 100 stores across Korea. The volunteer-run store collects donations of old or worn-out items like clothing, books, bags, kitchenware and appliances, and sells them to raise money for charity.
The retail format influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run stores, but large retail chains are increasingly dominating the sector, because they can exert considerable buying power and pass on the savings in the form of lower prices. Many of these large retail chains also produce their own private labels which compete alongside manufacturer brands. Considerable consolidation of retail stores has changed the retail landscape, transferring power away from wholesalers and into the hands of the large retail chains.
