My Overstock Boutique: Helping Clothing Boutiques Forced to Close

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My Overstock Boutique is an online and brick and mortar consignment service for new clothing from other specialty boutiques. This consignment business assists boutiques forced to close in bad economic times.

Meg Thomas sold her traditional consignment shop in order to relax and move away from being a retail shop owner. Her idea was to continue to sell items for boutiques on consignment via the internet from home and she created http://www.MyOverstockBoutique.com.

As the economy changed the retail environment, Thomas soon realized that My Overstock Boutique was growing too quickly to continue to be a home based business.

The business moved into a 7800 sq ft warehouse with a showroom to make room for the incoming inventory placed on consignment from Boutiques. The Boutiques that do business with My Overstock Boutique ship all of their excess stock, where it is placed in My Overstock Boutique's database. As items sell at a discounted price, the revenue is split 50/50 with the Boutique supplying the inventory. My Overstock Boutique partnered with over 100 boutiques in 2008.

"We want this process to be easy for the small business owner. Our system is set up for low risk for the boutique at the highest return as possible," says Thomas. "We want the business to be able to send us their overstocks and we sell their merchandise online and in our warehouse. Our large warehouse space allows us to accept large shipments so the business owners can unload quickly."

My Overstock Boutique's warehouse used to hold open to the public weekend sales once a month. Due to customer demand as well as the desire to return to the brick and mortar retail industry, My Overstock Boutique is adding regular retail hours to the warehouse.

"I missed my customers and need more than internet business relationships", said Thomas who owned a retail shop for 18+ years. "The economy has certainly helped my business," states Thomas "and I feel great that I am able to share my business success with local customers."

The current economic trends have added more customers as well as boutique suppliers to her roster. Thomas says, We are in our prime in slower economic times. It is fulfilling because our customers are happy and our boutique owners are happy because they are receiving checks."

Consignment terms are: all merchandise is priced 50% off of retail prices. The boutique owner and My Overstock Boutique split the selling price 50/50 after the sale (up to 25% of retail price). Checks are mailed monthly. Contract terms are available upon request.

About My Overstock Boutique:
My Overstock Boutique's warehouse is located in Mebane NC, at 828 Trollingwood Hawfields Road and is between the Triangle and the Triad regions. The new business hours are: 10-6 Tues through Saturday as of Feb.3, 2009. Online shopping will still be available at http://www.MyOverstockBoutique.com.

Meg Thomas
My Overstock Boutique
http://www.MyOverstockBoutique.com.
207 Goldfinch Court (office)
828 Trollingwood Hawfields Road
Mebane, NC 27302
(919) 923-3014

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