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Buffalo Exchange is a fashion resale retailer that buys and resells used clothing. The store operates under a
| Characteristics | Values |
|---|---|
| Type of store | Second-hand clothing store |
| Business model | Buy-sell-trade |
| Payment methods | Store credit, cash, or trade card |
| Selling process | Bring clothes to the store, shop around while you wait |
| Requirements | Valid government-issued ID, clean and well-kept clothes |
| Selling tips | Sell at the beginning of a new season, consider current trends and inventory levels |
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What You'll Learn
Buffalo Exchange's buy-sell-trade model
Buffalo Exchange is a fashion resale retailer that buys and resells used clothing. The company was founded by Kerstin Block, who aimed to create a different model from other secondhand shops. The concept of buy-sell-trade for clothing was pioneered by Kerstin and her husband, Spencer, in Tucson, Arizona. They handpicked items based on their customers' interests, offered immediate payment, and displayed merchandise in an engaging and accessible setting.
The buy-sell-trade model at Buffalo Exchange allows customers to sell their clothing for cash or store credit. Sellers can receive 25% of the selling price in cash or 50% in store credit on the same day, without waiting for their items to be sold. This flexibility caters to those who want immediate cash or prefer the higher value offered by store credit. The store credit never expires, allowing sellers to use it at their convenience.
Buffalo Exchange accepts men's and women's clothing and accessories in good condition, including current styles, vintage pieces, and unique finds. They make selections based on style, condition, and their current inventory needs. While they accept items from all seasons, it is recommended to sell items at the beginning of each season when they are most in demand.
Sellers can bring their items to the store, where trained buyers will evaluate and purchase them. Before selling, it is essential to ensure that the items are clean and well-presented, as they will be placed directly on the racks for resale. Folding items and making any necessary repairs can increase the chances of a successful sale. It is also advisable to bring a valid government-issued ID, such as a driver's license or passport, for the transaction.
Overall, the buy-sell-trade model at Buffalo Exchange offers a convenient and flexible way for customers to sell their used clothing and accessories. It provides an opportunity for individuals to declutter their wardrobes, earn money or store credit, and contribute to sustainable fashion by extending the life of their garments.
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What to bring
If you're looking to sell your wedding dress to Buffalo Exchange, there are a few things to keep in mind in terms of what to bring.
Firstly, Buffalo Exchange operates on a buy-sell-trade model, meaning you can bring your wedding dress to the store and receive either store credit or cash, depending on the value of the dress as determined by the buyer. It's important to note that you may not receive as much money as you would if you sold the dress on eBay or another platform, as Buffalo Exchange typically offers 30-35% in cash of the item's priced value.
When bringing your wedding dress to sell, it's essential to ensure it is clean and in good condition. You don't need to go overboard with dry cleaning or ironing, but a quick refresh is recommended to improve your chances of selling. While Buffalo Exchange takes in items from all seasons, it's a good idea to call the location beforehand to understand what styles they are currently looking for. Their selections are based on their current inventory needs, so it's best to bring items that are cute, trendy, and in style. If you have any other clothing items that you no longer need, you can bring them along too, as Buffalo Exchange buys almost everything, including vintage-looking pieces.
Before heading to the store, consider folding your wedding dress rather than keeping it on a hanger. Additionally, bring a valid government-issued ID, such as a driver's license or passport. If you're under 18, you'll need to be accompanied by an adult with a valid ID.
Lastly, if there are any specific items that Buffalo Exchange doesn't purchase, you can choose to donate them, and they will take care of that for you.
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Preparing your wedding dress
Clean and Inspect Your Dress
Before putting your wedding dress up for sale, it is essential to have it professionally cleaned. A professional wedding dress cleaning service will ensure that any stains or marks are removed, making the dress look as good as new. Even if there are no visible stains, a professional clean will ensure that your dress is in the best possible condition. This step is crucial, as a clean and well-maintained dress will sell twice as fast as one that has not been cleaned.
Research the Market
Take some time to research the current market trends and demands for wedding dresses. Understand the styles, colours, and designs that are popular among brides-to-be. This will help you position your dress in the market and highlight its unique or trendy features. Additionally, consider the seasonality of the wedding dress market, as certain seasons might be more favourable for selling, such as the beginning of spring or summer.
Choose the Right Platform
There are various options available for selling your wedding dress, including online platforms, consignment shops, and bridal salons. Research and compare multiple platforms to determine which one aligns best with your dress and your preferences. Consider factors such as fees, commission rates, shipping policies, and the platform's customer demographics.
Prepare High-Quality Photos and Videos
When listing your wedding dress online, visual presentation is crucial. Take clear, well-lit photos from various angles to showcase the dress's design, details, and condition. Consider including a video to highlight the dress's movement and sparkle, providing a more dynamic representation of the gown.
Set a Competitive Price
Research the market to determine a competitive and reasonable price for your wedding dress. Consider factors such as the original retail price, the age and condition of the dress, and the demand for similar styles. You can also use dress value calculators available on some platforms to get an estimate of its worth. Remember that you can expect to make back a significant percentage of the retail price, especially if your dress is from a popular designer.
By following these steps, you can effectively prepare your wedding dress for resale, maximising your chances of a successful and profitable sale.
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How much you can make
You can sell your wedding dress to Buffalo Exchange, a fashion resale retailer that buys and resells used clothing. The store operates under a buy-sell-trade model where customers bring in clothes to receive store credit, cash, or a combination of both, based on the value of the items the store decides to buy from them.
The amount of money you can make from selling your wedding dress to Buffalo Exchange depends on several factors, including the original price, condition, style, and current inventory needs of the store. While there is no guarantee of how much Buffalo Exchange will offer for your wedding dress, here are some general guidelines to consider:
Percentage and Payment Options:
Buffalo Exchange typically offers customers two payment options: store credit (trade) or cash. According to their website, you can receive 25% of their selling price in cash or 50% in store credit for the items they purchase from you. Other sources suggest that the cash payout is around 30% to 35% of the price they set for your items, while store credit remains at 50%.
Pricing Strategy:
Buffalo Exchange typically prices items around 25% of their original retail value. For example, if your wedding dress originally retailed for $1000, Buffalo Exchange might price it at around $250. Using the cash payout percentage mentioned above, you could expect to receive between $75 and $87.50 in cash (before taxes, if applicable).
Condition, Style, and Inventory Needs:
The condition, style, and trendiness of your wedding dress will also impact how much Buffalo Exchange will offer. Clean, well-kept, and stylish clothing in good condition is more likely to fetch a higher price. Additionally, the store's current inventory needs and the season will play a role in their buying decisions. If your wedding dress aligns with their current inventory gaps and is suitable for the season, you may have a better chance of selling it at a desirable price.
Consignment Options:
If your wedding dress is a high-value item, consider exploring consignment options. Buffalo Exchange does offer consignment, which could potentially earn you a higher profit than the standard buy-sell-trade model.
Alternative Selling Options:
If you are not satisfied with the offer from Buffalo Exchange, you can explore other selling avenues. Options like eBay, Poshmark, or specialist forums for wedding dresses might provide you with a wider audience and potentially higher bids.
In summary, the amount you can make from selling your wedding dress to Buffalo Exchange varies depending on the dress's original value, its condition, style, and the store's needs. While you may not get as much money as selling on eBay or other platforms, the convenience of walking into a store, receiving an immediate offer, and choosing between cash and store credit makes Buffalo Exchange a viable option for many sellers.
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Other options
If you are looking to sell your wedding dress, there are several other options besides Buffalo Exchange. Here are some alternatives:
- Consignment stores: If your wedding dress is a designer piece or a high-value item, consider consignment stores or online platforms. These stores specialize in selling unique, luxury, or high-end fashion pieces and can help you find a buyer willing to pay a premium price. You can also try online consignment platforms such as TheRealReal. However, keep in mind that with consignment, you will need to wait for the item to sell before receiving your payment.
- Online marketplaces: Platforms like eBay, Poshmark, and Letgo offer a convenient way to sell your wedding dress directly to interested buyers. These sites allow you to set your price and connect with a wider range of potential customers. While you may need to spend time creating listings and managing shipping, you can often earn more money compared to resale stores.
- Specialty bridal consignment: There are consignment shops that specifically deal with wedding dresses and bridal wear. These stores understand the value and sentiment attached to wedding gowns and can help you find the right buyer. They may also have a more targeted customer base of brides-to-be who are specifically looking for their dream wedding dress.
- Donation and charity: If you're open to donating your wedding dress, consider organizations that provide wedding attire to those who cannot afford it. Websites like Brides Do Good and websites of charities like Oxfam have bridal sections where your dress could make someone's special day. You can also look for local charities or organizations that accept wedding dress donations and use the proceeds to support a good cause.
- Social media: Platforms like Instagram, Facebook Marketplace, and niche fashion apps can be great tools for selling your wedding dress. Create a post showcasing your dress, provide detailed descriptions, and interact with potential buyers in the comments. You can also join buy-and-sell groups on Facebook or niche fashion communities on apps like Depop to reach a wider audience.
- Specialty resale websites: There are websites specifically dedicated to buying and selling wedding dresses and bridal wear. These sites often have a global reach, allowing you to connect with buyers worldwide. They may also offer additional services, such as authentication or secure payment processing, to facilitate a smooth transaction.
Remember, when selling your wedding dress, it's essential to manage your expectations. The resale value of clothing can vary, and you may not always get the price you desire. However, by exploring these options, you can find the best avenue to sell your dress and give it a new lease of life.
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Frequently asked questions
Yes, you can sell your wedding dress to Buffalo Exchange, a fashion resale retailer that buys and resells used clothing.
The amount of money you will receive for your wedding dress will depend on its style, condition, and the current inventory needs of the store. You can receive either 50% in trade (store credit) or 30-35% in cash.
First, you should give your wedding dress a quick refresh to improve your chances of selling it. Then, you can bring your wedding dress to the store, where it will be evaluated by a trained buyer. After selling, your buyer will tell you your cash and trade options.
