AUSTIN — The Texas GOP is moving ahead with plans to purchase 100% share of consignments companies, replacing consignment manager jobs with people who have less experience and are not familiar with how the consignment business works, according to people familiar with the discussions.
Consignment managers typically oversee the retail and wholesale sale of merchandise, including gifts and merchandise for sale, according the people, who spoke on condition of anonymity because the plans are private.
The party is also discussing buying the remainder of a company’s assets and rebranding them as a consignment company, the people said.
Consignments are one of the fastest-growing segments of Texas economy and are a critical revenue stream for many Republican candidates.
Republican candidates who are running in 2018 include former Texas Gov.
Rick Perry, who has made consignment a cornerstone of his campaign, and state Treasurer Troy Smith, who lost to Democratic Gov.
Wendy Davis in 2014.
The Texas GOP, a major beneficiary of the Texas consignment industry, has been exploring ways to bolster its brand after the 2016 election of President Donald Trump, which saw many of the company’s largest competitors exit the business, according.
Consigning is a major business in Texas, and the party has made it a priority in recent years to build a business infrastructure, according and to the people familiar.
The Texas Party has invested heavily in the company, hiring several dozen employees since 2016, the person said.
The party is considering purchasing companies and expanding its operations in the state, according this person.
The plans are under discussion, according, but have not yet been finalized.