GOOD NEWS... SELLING JUST GOT BETTER!!
Hey there!
We wanted to share some exciting news with you regarding changes we've made to our Consignment Service at Jhrop. Our goal has always been to provide the best selling experience for our consignors, and we believe these changes will do just that!
You asked, we've answered! Starting September 1st, 2023, we will be introducing a new commission structure that is simpler and more competitive than before. You can find our updated terms and conditions here.
Here is our new commissions table:
| Sold Price | You receive! | Our commission |
| HK$ 100,000 > | 72% | 28% |
| HK$ 60,000 - 99,999.99 | 68% | 32% |
| HK$ 30,000 - 59,999.99 | 65% | 35% |
| HK$ 10,000 - 29,999.99 | 63% | 37% |
| HK$ 5,000 - 9,999.99 | 60% | 40% |
| HK$ 3,000 - 4,999.99 | 55% | 45% |
| HK$ 1,500 - 2,999.99 | 50% | 50% |
| HK$ 800 - 1,499.99 | 40% | 60% |
| HK$ 480 - 799.99 | < 39% |
HK $480
|
| < HK$ 479.99 | 0% | 100% |
What this means for you?
Our new commission is a Progressive Commission. This means that the higher the selling price, the lower our commission. This is excellent news for high-value items as our commission is only 28%, leaving you with 72% of the sold price! This brings us in line with auction houses, except we accept a much wider range of brands, item conditions, and other items that auction houses typically do not sell, including menswear, preowned clothing and shoes, small accessories, VIP gifts and more!
To make things easier for you, we have created a Commission Calculator that you can use to check how much you'll receive for your items!
We will introduce a minimum charge of $480. This fee will only be charged when an item is sold. This fee covers the costs associated with preparing the item for sale, including warehousing, logistics, international courier fees, marketing and advertising, marketplace and processing fees, and other operational costs.
This change will primarily impact items with a resale value of less than $800. If an item has a low resale value and sells for less than $480, there will be no consignment payout. In this case, we recommend consignors consider donating these items to our partnered charity, ReDress and Upstyle. They focus on accelerating the change to a circular fashion industry by educating and empowering designers and consumers to reduce clothing's negative environmental impacts.
We understand that this may not be ideal for low-value items, but it is necessary to keep our consignment service sustainable. We are confident that this will encourage a stronger curation of brands and styles, as well as better condition of products for our customers.
For your convenience, you can continue to send in all the items you wish to sell, and we will let you know which items have a resale value of less than $480. You may then have the option to donate or return those items.
What you need to do:
Simply complete the new Consignment Agreement before August 31st, 2023. Please update any information or payment details if necessary. The new Commission Structure will be applied to any items sold after September 1st, 2023.
If you have any questions or concerns, please do not hesitate to contact us. We are always here to help.
