Christmas 2010 - Coordinated (NOT matchy-matchy) Gymboree Velour Dresses
So...this is the last post that I'm going to do for a while on kids clothing. Feel free to ask questions at any time though - I am always happy to share what I do and what I've learned.
I've been asked a bunch in the last week for tips on how to shop with reselling in mind. The biggest answer to that question comes in learning to not think like a buyer but as a seller. You begin to view clothes as an investment as opposed to a necessary budget line item. Once you think like that, you begin to approach clothing with the idea of reselling.
Not all clothes will resell. The ability to resell clothes is directly dependent on brand, condition and even size. It is much easier to sell size 2T and up than it is to sell infant clothes. This is purely based on quantity. When kids reach and pass 2T, clothes get worn for longer which means they get worn out. Infant clothes are in abundance. They get worn for short periods of time or some not even at all. When you go to resale stores, this is why you always see them in abundance. Good condition name brand older sizes are hard to come by so they sell great.
So, here's how I personally shop with reselling in mind: I choose to stick to the name brand stores - Gymboree is my most popular, then TCP, Old Navy and Gap. Naartjie is a personal favorite but I don't make it up there often. Then I have a handful of boutique/Nordstroms brands that I watch for - Baby Nay, Baby Lulu, Jenna and Jesse, Lavendar Alley and Little Angel Club. I also watch for Nortstroms blowouts and Nordstroms Rack sales. I have also picked up these same brands at used clothing stores, like Hissyfits, because once they are worn, they will resell for about the same price (a little less).
The general rule for pricing your clothes for resale is 30% of the ORIGINAL price, not the price you pay. So when you shop the sale racks, keep this in mind. This holds true for most every brand - the only exceptions I would list are TCP, Old Navy, Target and Carters. The reason being is that they are in abundance. EVERY mom shops there. So when you got to resale or consignment sales, they are the most popular brand. So I price those lower - 20%-25% of the original value.
But hands down, Gymboree, Gap and Boutique/Nordstroms brands are absolutely the easiest and quickest to resell and you make the most money back.Another tip for shopping with reselling in mind is to
think about what YOU would pay for the item if it were used. If you weren't in the actual store and instead were at a used clothing store, what would you be willing to pay to get the item. Then compare that with the price your are paying for it new to see if it's worth it. If there's a large difference (more than a couple dollars) it's probably not worth the investment unless it's SOOO cute, you just can't leave it behind.
Here are some more tips for getting the most for your money:
(see the start of the list here)~
Never pay full price. Period. Even if you have a coupon, always match your coupon to sale items.
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Earn rewards, then spend them**. Gymboree, Naartjie, Justice, Kohls all offer rewards for shopping. They are only earnable during certain windows and only spendable during certain windows. Most will save you 50% (for example, $25 off a $50 purchase) and Kohls earns you 20% off your next purchase ($10 earned for every $50 spent).
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Couple rewards with sale prices. Sometimes you can even join coupons WITH rewards for additional savings. Gymboree doesn't allow this, but most others do. BEWARE, don't spend more than the reward (see below)!
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Shop in Outfits. This one might sound crazy to some of you, but yes, I shop in outfits. This is because they resell for MUCH more. Single items you have to price fairly low. If the shopper doesn't have something to match it, they won't buy it unless it's a deal. So, I shop in outfits to resell in outfits and increase profit by at least $3 over single items.
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Beware of huge advertised sales. Did I just say that? Yep. Here's why - the stores goal to get you in is to advertise "huge sales". But "Huge Sale" doesn't necessarily mean the best prices and usually prices are a little higher than any other day. For example, one would think Black Friday would be huge for savings. Actually, this isn't true. Stores do a handful of "get you in the door deals" and almost everything else is more expensive. You can actually find BETTER savings shopping two weekends prior to Black Friday, than on it or after.
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Beware of Outlets. I love the outlets, don't get me wrong, and we all know I shop there. BUT again, beware of falling for less than stellar deals because it's an "outlet". For example, Gymboree Outlet only offers a very occasional coupon. Because their prices are only slightly lower (about 20%) than a regular Gymboree, you can actually find BETTER deals at Gymboree than the outlet. Gap operates in the same fashion. {also, Gymboree and Gap outlets carry identical clothing lines - the outlets are delayed by exactly one year which can be helpful in matching kids when you have sizing changes}
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**Here is an example of a typical Gymboree experience (with reselling in mind) - I usually repeat this about twice a year depending on needs.
~ In March, I purchased $105.27 in clothes from Gymboree for our trip to Cali. I purchased 14 items total averaging $7.52/item. This was done by buying sale items and using a 30% off coupon. This purchase earned me a $50 gymbuck good off a $100 purchase (50% off).
~ Last Week when the Gymbucks became redeemable, I purchased 10 items for $54.90 averaging $5.49/item. My total pre-gymbucks was 109.80 so you see the great savings you can earn. (I quickly added up what I would price these items for when I resell them (probably next spring or the one after) and it would be about $40. That's means that these
10 items
new from Gymboree will cost me less than $15 in the end.)
~ If you average the two trips it comes out to $6.67/item. Most items purchased were either size 4T or girls 5 (so they weren't cheap baby clearance items). When you compare that to stores like Kohls and Target where you average $5/item you can begin to see why I choose to shop at Gymboree. ADD into that the fact that Gymboree resells for $2-$3/item MORE than Target and Kohls then it begins to make complete budget sense. You will actually save MORE money shopping and reselling clothes from Gymboree than from Target or Kohls.
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So those are my clothing tips. I often get comments on how cute my girls are always dressed and I think to myself, but I don't spend that much on clothes - anyone can do what I do. It takes time, energy, coordination, self-control and shopping more often than most like, but anyone can do it.
Did I miss anything? If you have a tip or trick that has helped you save money on clothes PLEASE share with the rest of us :)