Word: basement
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Dates: during 1940-1949
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...lantern was needed in the Old North Church to signal the news. This week, as the first of 50 trucks from Texas pulled into Boston, housewives were as eager as so many Paul Reveres to gallop down to the "Automatic Bargain Basement" of Wm. Filene's Sons...
...goods, for which Filene's paid about $400,000, went on sale in the bargain basement this month at about 40% of Neiman-Marcus' price...
Little for Charity. By such deals Filene's basement has managed to operate profitably for 38 years, and has become something of a Boston institution. Its success is based on its automatic price-cutting policy. Any article not sold within twelve days is marked down 25%; at the end of 18 days, it is cut another 25%; after 24 days, another 25%. If the article is not sold in 30 days, Filene's gives it away-to a charitable organization. But charity gets little: the bargain basement sells 90% of its merchandise the first day. Only one-tenth...
Other store basements sell only low-priced items, which may or may not be bargains. Filene's basement sells only bargains, not all of them low-priced. It has sold $4,250 mink coats for $1,950. It once bought pipes with flanges on the stem, sold them to men without teeth. Its corset department does its fittings in the aisles, but it sells some 260,000 corsets a year...
...actors have been going through their lines for the past two weeks in basement rooms of the House Squash Courts. Now, however, "the Veterans' Theater Workshop has been informed that 400 folding chairs are considered more important to the University than Shaw's 'Saint Joan" Jerome T. Kilty '50, Workshop president, announced last night...