EDrop-Off opens retail store in Chicago

Luxury consignment auction site eDrop-Off announced it will open its first retail store in Chicago.

In honor of the brand's 10th anniversary, The Collection by eDrop-Off will take up 800 sq. ft. at the front of the consignment business' current Gold Coast location at 1201 N. Clark Street, reported Women's Wear Daily.

"It will be the first time in 10 years that you can buy a product and walk away with it instead of winning it online," Corri McFadden, owner and founder of eDrop-Off, told Women's Wear Daily. "We'll still sell on auction, but we've heard from our clients 'I just want to buy it right now,' so this will give them that option."

Simultaneously, eDrop-Off will launch an e-commerce site with the items to be sold at fixed prices. The selection will be larger than what's in the retail store, though some products will overlap.

In honor of the retail opening, the store will feature two special collections including vintage pieces from "Mad Men" costume designer Janie Bryant and accessories and gowns by Christian Siriano.

Merchandise in the store will rotate every two weeks. The store will carry up to 125 ready-to-wear, shoes and handbag items at a time, with prices ranging from $40 to $6,000.

Another consignment-like shop that recently jumped into the retail business is Pose. Last month the online apparel exchange unveiled a new feature of its Web- and app-based digital photo sharing service that allows users to buy, sell and trade clothing and accessories.

For more:
-See this Women's Wear Daily article

Related stories:
Social media leads to a surge in coupon searches
Amazon launches wearable technology store
Amazon launches Prime Pantry
New Amazon Fire takes aim at Apple
Amazon's Vine.com relaunches as online grocer with a twist