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Dear all - thank you all for you comments, and clearly yes, I too had found the entries in the dictionary! My question was, and still is, which is most appropriate in the case of a small concession within a large department store.
TIA once again
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Automatic update in 00:
58 mins confidence:
Explanation: This is in most dictionaries, I think.
Mark Hamlen France Local time: 17:05 Specializes in field Native speaker of: English PRO pts in category: 24
cc in nyc Local time: 11:05 Specializes in field Native speaker of: English PRO pts in category: 173
1 hr confidence:
Explanation: from the following extract on legal contracts for comcessionaires, it seems they pay commission (a % of sales) plus a % of insurance and possibly other indemnity costs and service charges as well so concession fee seems to cover all of that imo
...Are my sales monitored?
It is likely that you will be under an obligation to use best endeavours to promote the
sale of your goods in the concession. Stores generally require you to have regular
meetings with them in order to analyse and review sales figures and performance.
Do I pay rent?
Although you will have to make regular payments to the store, this will be in the form of
commission rather than rent.
How is commission calculated?
The store will take a percentage of the retail sales value of all merchandise sold by
you. The amount required under the concession agreement varies for every store, but
is generally around 25 per cent. of net receipts. The store may also require payment of
a service charge to cover such costs as stationary, packaging, telephones and
Do I need to get insurance?
Generally, you will be responsible for a percentage of the store’s insurance premiums.
Furthermore, most stores will require you to give an indemnity against all actions,
costs, proceedings, losses, damage or injury arising from your products or actions of
your employees. The value of this indemnity can vary from a set figure of, for example,
£5m, to being for an unlimited sum...