Buffalo Exchange has carved out a significant niche in the resale fashion industry. For those looking to declutter their closets and earn some cash, it’s often a first thought. But the big question always looms: how much money can you realistically expect to receive for your pre-loved clothing and accessories? The answer, as you’ll discover, is multifaceted and depends on various factors. This article will delve deep into the Buffalo Exchange consignment process, dissecting the pricing model, examining the criteria they use for selection, and offering valuable tips to maximize your payout.
Understanding the Buffalo Exchange Business Model
Buffalo Exchange operates on a buy-sell-trade basis, unlike some consignment stores that only pay you when your items sell. This means you receive payment upfront, offering immediate gratification, but also influencing the amount you’ll ultimately receive. They carefully curate their inventory, focusing on current styles, recognizable brands, and items in excellent condition. Their primary goal is to resell these items at a profit, which directly impacts how much they can offer you for your goods.
The key to understanding their pricing strategy is realizing they need to cover their operating costs, including rent, utilities, employee salaries, and marketing expenses, while still maintaining a profit margin. These factors contribute to the percentage they offer sellers.
The Percentage Breakdown: How Much Do They Actually Pay?
Generally, Buffalo Exchange offers you 30% of their anticipated selling price in cash or 50% in store credit. This means if they believe they can sell a dress for $20, you would receive $6 in cash or $10 in store credit. The store credit option provides a significantly larger return, incentivizing customers to reinvest in the store. It’s a win-win for Buffalo Exchange, as it keeps the money within their ecosystem.
Several factors influence the percentage offered. High-demand items from popular brands will typically fetch a higher percentage than less sought-after pieces. Items that are in pristine condition, freshly laundered, and free from any defects are also more likely to command a better offer. Buffalo Exchange prioritizes trendy and current styles, so bringing in items that are currently in fashion will significantly increase your chances of a higher payout.
It is critical to understand that this percentage isn’t fixed. It’s subject to negotiation and depends on the perceived market value of your items and the current inventory levels at the specific Buffalo Exchange location. If they’re already well-stocked with similar items, they may offer a lower percentage or decline to purchase them altogether.
Factors Influencing the Value of Your Items
The value assigned to your items by Buffalo Exchange is not arbitrary. It’s based on a combination of factors that determine its resale potential. These factors include brand recognition, current fashion trends, condition, and inventory levels.
Brand Recognition and Desirability
Brand name recognition is a significant factor. Items from well-known and popular brands, such as Free People, Madewell, Anthropologie, and high-end designer labels, typically fetch a higher price. Buffalo Exchange knows these brands are highly sought after by their clientele.
However, brand recognition alone isn’t enough. The brand must also align with the store’s target demographic and current fashion trends. A vintage designer dress from the 1980s, while potentially valuable in other contexts, might not be a good fit for Buffalo Exchange if it doesn’t resonate with their customer base.
Current Fashion Trends
Fashion is constantly evolving, and Buffalo Exchange strives to stay ahead of the curve. They want items that are currently in style and reflect the latest trends. Consider the current season and the types of clothing and accessories that are popular at that time. Bringing in summer dresses in the middle of winter is unlikely to yield a significant payout.
Items that are considered “classic” or timeless can also do well, but they must still be in excellent condition and appeal to the store’s aesthetic. Buffalo Exchange often caters to a younger, fashion-forward crowd, so keep that in mind when selecting your items.
Condition of the Items
The condition of your items is paramount. Buffalo Exchange only accepts items that are in excellent condition, meaning they should be free from any stains, rips, tears, holes, missing buttons, broken zippers, or excessive wear. Thoroughly inspect each item before bringing it in, and address any minor repairs, such as reattaching a loose button or mending a small seam.
Items should also be clean and freshly laundered. A fresh scent and wrinkle-free appearance will significantly improve their chances of being accepted and fetching a higher price. Consider dry cleaning delicate or high-end items to ensure they are in pristine condition.
Inventory Levels and Demand
The current inventory levels at the specific Buffalo Exchange location play a significant role in the value they assign to your items. If they are already well-stocked with similar items, they may offer a lower percentage or decline to purchase them altogether. This is simply a matter of supply and demand.
Demand for certain items can also fluctuate depending on the season and current trends. For example, outerwear and sweaters will be in higher demand during the fall and winter months, while dresses and swimwear will be more popular during the spring and summer.
Maximizing Your Payout: Tips and Strategies
While the percentage offered by Buffalo Exchange is influenced by various factors beyond your direct control, there are several things you can do to maximize your payout. These strategies focus on presenting your items in the best possible light and understanding the store’s preferences.
Curate Your Selection Carefully
Don’t bring in everything you own. Be selective and only choose items that are in excellent condition, reflect current fashion trends, and are from recognizable brands. Focus on quality over quantity. A small selection of well-chosen items is more likely to yield a higher payout than a large bag of miscellaneous clothing.
Consider the specific Buffalo Exchange location you are visiting. Different locations may have different clientele and preferences. Research the store’s aesthetic and target demographic to ensure your items are a good fit.
Present Your Items in the Best Possible Condition
Make sure all items are clean, freshly laundered, and wrinkle-free. Iron or steam them if necessary. Address any minor repairs, such as reattaching a loose button or mending a small seam.
Consider using a fabric shaver to remove any pills or fuzz from sweaters and other knitwear. Polish any leather shoes or handbags to restore their shine. Pay attention to the details, as even small imperfections can impact the value of your items.
Know Your Brands and Prices
Research the resale value of your items online before bringing them to Buffalo Exchange. Check websites like Poshmark, ThredUp, and eBay to see what similar items are selling for. This will give you a better understanding of their potential value and help you negotiate with the buyer.
Knowing the original retail price of your items can also be helpful. If you have items from high-end brands, be sure to point this out to the buyer. Provide any relevant information about the item’s history, such as where it was purchased or any special features it has.
Visit at the Right Time
The best time to visit Buffalo Exchange is typically during the week, when they are less busy. Avoid visiting on weekends or during peak hours, as the buyers may be rushed and less likely to give your items the attention they deserve.
Consider visiting during seasonal transitions, such as the change from summer to fall or winter to spring. This is when Buffalo Exchange is actively looking for new inventory to stock their shelves.
Be Prepared to Negotiate (Politely)
While the percentage offered by Buffalo Exchange is typically non-negotiable, you can sometimes negotiate the price of individual items, especially if they are from high-end brands or in particularly good condition.
Be polite and respectful during the negotiation process. Don’t be afraid to ask questions and explain why you believe your items are worth more. Remember, the buyer is ultimately trying to make a profit, so be reasonable in your expectations.
Consider Store Credit
If you are a frequent shopper at Buffalo Exchange, consider opting for store credit instead of cash. Store credit typically offers a significantly higher return (50% instead of 30%), allowing you to reinvest in new pieces for your wardrobe.
Even if you don’t plan on shopping at Buffalo Exchange immediately, store credit can be a good option if you anticipate finding something you like in the future. It essentially gives you a free discount on future purchases.
Be Realistic
It’s essential to have realistic expectations about how much money you can realistically earn from Buffalo Exchange. Remember that they are a business and need to make a profit. You are unlikely to receive the full retail value of your items.
Don’t be discouraged if they decline to purchase some of your items. This is a common occurrence, and it doesn’t necessarily mean your items are not valuable. It simply means they don’t fit the store’s current inventory needs or aesthetic.
Understanding the Rejection Process
It’s not uncommon for Buffalo Exchange to reject some of the items you bring in. This doesn’t necessarily mean your clothes are undesirable; it simply means they don’t fit the store’s current needs or standards. Rejected items can be due to various reasons, including:
- Overstocked Inventory: If the store already has too many similar items.
- Outdated Styles: If the clothing is no longer considered fashionable.
- Condition Issues: If there are stains, tears, or other damages.
- Lack of Demand: If the brand or style isn’t popular with their clientele.
When items are rejected, you have the option of taking them back or donating them to a charity that Buffalo Exchange partners with. This is a convenient way to declutter your closet and support a good cause.
Beyond the Money: The Benefits of Selling to Buffalo Exchange
While the financial aspect is undoubtedly a primary motivator for selling to Buffalo Exchange, there are other benefits to consider.
Sustainable Fashion
Selling your pre-loved clothing to Buffalo Exchange is a sustainable way to reduce waste and promote a circular economy. By giving your clothes a second life, you are helping to divert them from landfills and reduce the environmental impact of the fashion industry.
Decluttering Your Closet
Selling to Buffalo Exchange is a great way to declutter your closet and make room for new items. It’s a win-win situation: you get rid of clothes you no longer wear and earn some money in the process.
Supporting a Local Business
Buffalo Exchange is a privately-held company with a strong commitment to supporting local communities. By selling and shopping at Buffalo Exchange, you are helping to support a local business and create jobs in your community.
Discovering Unique Finds
Even if you’re primarily selling, Buffalo Exchange is a treasure trove of unique and affordable fashion finds. You can often find one-of-a-kind pieces that you won’t find anywhere else.
Final Thoughts: Is Buffalo Exchange Right for You?
Whether Buffalo Exchange is the right choice for you depends on your priorities and expectations. If you’re looking to get the absolute highest price for your clothing, you might be better off selling directly to consumers through online platforms like Poshmark or eBay. However, these platforms require more time and effort, as you are responsible for taking photos, writing descriptions, and handling shipping.
Buffalo Exchange offers a convenient and hassle-free way to declutter your closet and earn some cash. While the payout may not be as high as selling directly, the convenience and immediacy make it an attractive option for many people. If you value sustainability, supporting local businesses, and discovering unique fashion finds, Buffalo Exchange is definitely worth considering. Just remember to curate your selection carefully, present your items in the best possible condition, and have realistic expectations.
What factors influence the payout you receive from Buffalo Exchange?
Several key factors determine the amount Buffalo Exchange will offer for your clothing. The condition of your items is paramount; pieces must be clean, gently used, and free from damage like stains, rips, or excessive wear. Demand for the style and brand also plays a significant role. Trendy, in-season items from popular brands are more likely to be accepted and offered a higher price. Buffalo Exchange carefully curates its inventory based on current fashion trends and customer preferences, so items that align with these trends will generally receive better offers.
Additionally, Buffalo Exchange’s current inventory levels influence their buying decisions. If they already have a large quantity of similar items, they might offer a lower price or decline to purchase your items altogether. The brand itself is a significant factor; designer or high-end brands usually command higher payouts than fast-fashion brands. Finally, the store’s location and its typical clientele affect the types of items they are looking for and the prices they are willing to pay. Buffalo Exchange prioritizes items that are in-demand and fit the aesthetic of their customer base.
Does Buffalo Exchange offer cash or store credit, and what are the differences?
Buffalo Exchange offers two primary options for receiving payment for your clothing: cash or store credit. Typically, you’ll receive around 30% of the resale value in cash. This is a quick and straightforward option if you need immediate funds and don’t plan to purchase anything from Buffalo Exchange in the near future. The exact percentage can sometimes vary slightly depending on the store’s policies and the demand for the items you’re selling.
Alternatively, you can opt for store credit, which usually yields around 50% of the resale value. This option is beneficial if you frequently shop at Buffalo Exchange and want to refresh your wardrobe. The higher percentage offered in store credit allows you to purchase more items with the value of your sold clothing. Store credit can often be used at any Buffalo Exchange location, providing flexibility in your shopping experience.
How does Buffalo Exchange determine the resale value of my clothing?
Determining the resale value of your clothing involves several considerations by Buffalo Exchange buyers. They assess the current market demand for similar items, taking into account the brand, style, and condition. They also research online marketplaces and comparable consignment shops to gauge the prevailing prices for similar pieces. The original retail price of the item is also considered, but it’s not the sole determining factor, as resale value is heavily influenced by current trends and the item’s desirability.
Furthermore, Buffalo Exchange factors in their own internal pricing strategies and operational costs. They need to account for expenses like rent, employee salaries, and marketing. The resale value is ultimately set to ensure they can sell the item at a profit while still offering a competitive price to customers. This involves a careful balancing act between offering sellers a fair price and maintaining a sustainable business model.
What types of clothing and accessories are most likely to be accepted by Buffalo Exchange?
Buffalo Exchange generally prefers trendy, in-season clothing and accessories from popular and designer brands. Items that are currently in style and align with current fashion trends have a higher chance of being accepted. They also favor clothing that is in excellent condition, clean, and free from any significant flaws like stains, tears, or excessive wear. Buffalo Exchange caters to a specific customer base and is more likely to accept items that appeal to their target demographic.
Beyond clothing, accessories such as handbags, shoes, jewelry, and belts can also be desirable, especially if they are from recognized brands and in good condition. Vintage items in excellent condition are often highly sought after as well, particularly if they are unique or representative of a specific era. The key is to bring in items that are current, stylish, and well-maintained to maximize your chances of acceptance and a good payout.
How can I prepare my clothing to maximize my payout at Buffalo Exchange?
Proper preparation is crucial for maximizing your payout at Buffalo Exchange. Begin by thoroughly cleaning all items; washing or dry cleaning ensures they are free from odors and stains. Carefully inspect each piece for any damage, such as rips, tears, or missing buttons, and make necessary repairs if possible. Even minor repairs can significantly improve the perceived value of your clothing.
Next, iron or steam your clothing to remove wrinkles and present them in the best possible condition. Organizing your items by style and season can also be helpful for the buyer. Bringing in pieces that are ready to be immediately displayed and sold increases their appeal and can lead to a better offer. Presenting your clothing in a clean, organized, and well-maintained manner demonstrates care and professionalism, which can positively influence the buyer’s assessment.
What happens to the clothing that Buffalo Exchange doesn’t accept?
Buffalo Exchange typically offers a few options for items they don’t accept. One common option is for them to donate the rejected items to a local charity on your behalf. This is a convenient way to dispose of unwanted clothing and support a good cause. Many Buffalo Exchange locations partner with various charitable organizations to provide clothing to those in need, making it a win-win situation.
Alternatively, you can choose to take back the items that were not accepted. This allows you to donate them to another charity of your choice, attempt to sell them elsewhere, or simply discard them. It’s important to understand Buffalo Exchange’s specific policy regarding unaccepted items, as some locations may have restrictions on the timeframe for collecting them. Be sure to clarify these details with the staff when you drop off your clothing.
Are there any items that Buffalo Exchange generally does not accept?
Buffalo Exchange generally avoids accepting items with significant damage or wear, such as clothing with large stains, rips, tears, or missing buttons. They also typically do not accept items that are heavily outdated or out of season, as their inventory focuses on current trends. Undergarments, swimwear, and heavily used shoes often have limited resale value and are therefore less likely to be accepted.
Furthermore, Buffalo Exchange may have specific restrictions on certain types of items based on current inventory levels or market demand. For instance, they might not accept a large quantity of similar items if they already have a surplus. Generally, items that are not clean, well-maintained, or in line with current fashion trends are less likely to be considered for purchase. It’s always a good idea to call your local Buffalo Exchange to inquire about any specific restrictions or preferences before bringing in your items.