Word: discountable
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Dates: during 1950-1959
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...three other Square record shops are already giving discounts ranging from 20 to 50 percent. McKenna's, which began giving a 20 percent discount the first of the month, attributed the cut in prices on similar cuts by Sam Goody of New York, the country's largest LP distributor. The effects of Goody's undercutting made the reduction necessary, according to one of the officials of McKenna. Harvard Square is only one of many areas that has been hit by the price...
...attribute to me in the Feb. 4 issue a statement that ". . . anyone is just a damned fool to buy anything at retail," that "more & more" of my wholesale electric-appliance business "is coming from 'discount houses.' " The fact is, I have never sold to nor received an order from a discount house, and in my opinion the consumer who patronizes [one] is a damned fool because he usually makes a bad investment, does not get his money's worth and seriously damages the legitimate and traditional American economy upon which the discount house is an unwarranted...
...withdrawing his name from the New Hampshire primary (see above). Nor does it mean that a professionally organized MacArthur boom, or even boomlet, is under way. The G.O.P.'s state and local pols have eyes fixed on the Taft-Eisenhower duel; most of them are inclined to discount MacArthur's chances. The news, however, is that far more pro-MacArthur sentiment now exists than most political observers thought possible six months...
Many of the "bargains" are not as good as they look; frequently they are discontinued models. Furthermore, many discounters tack on "extras" for delivery, provide none of the servicing and repair offered by established dealers. Most also sell for cash only. On the other hand, many of the fastest-growing discount houses, e.g., Los Angeles' big B.& T. Sales Co. (1951 volume: $1,100,000) and Manhattan's Masters, Inc. ($5,000,000), give the normal guarantees and servicing and offer the latest models. Masters, Inc. has even made a deal with the National City Bank by which...
...Selling. Many retailers angrily denounce manufacturers for failing to cut off supplies to the price slashers. Sunbeam Corp. (Shavemaster, Mixmaster) and Simmons Co. (mattresses) have done so; Sunbeam is being sued by Masters for refusing to supply it. But most big manufacturers and distributors look the other way because discount houses move big volumes of goods rapidly. Said a big Westinghouse Electric jobber: "Some of these stores are necessary for our business because they keep us going in slack times...