Word: discounters
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...store-Korvette's 45th-is meant to be the nine-state chain's biggest revenue earner, with expectations of $35 million in annual sales. The store will stress conveniently arranged, gaily displayed merchandise while playing down the head-on price rivalry that is supposed to characterize discount operations...
...Tell Us." Together with its sister store on Fifth Avenue, Korvette's new branch dramatizes the fact that the line between discounters and department stores is getting blurred. Not only are there more suburban-style discount stores in downtown areas, but conventional department stores continue to open branches in the suburbs. Many old-line retailers have also drawn on their familiarity with bargain-basement merchandising to open "budget stores"; in Columbus next year, Ohio-based Federated Department Stores will branch out with its first two Gold Circle discount houses. Like other department stores, Detroit's J. L. Hudson...
...Discount operators, meanwhile, have had difficulty adhering to their old high-volume, low-overhead gospel. "Customers are demanding from us what they get in traditional department stores," explains Sherwin Newar, president of the Houston-based Sage International discount chain. This means credit, home delivery and more attractive stores-all of which cost money. Though many discount houses cut costs by using checkout counters and shopping carts instead of big sales forces, other increases in overhead have sent their price markups, once about 25%, as high as 35% -ominously close to the typical department store...
...that manufacturers have more than matched the decrease in their advertising budgets with major expenditures-$84 million in 1966-on gift-coupon promotions. With coupon-bearing cigarettes now accounting for 55% of all sales, British smokers use the premiums to get everything from dart boards to Caribbean holidays and discount auto insurance. Rising in the House of Commons, Minister of Health Kenneth Robinson announced that the government would introduce legislation to abolish cigarette coupons, take additional steps "to control or ban" certain other promotional and advertising practices...
...aerospace contractors. ¶ In our cover story on "French Chef" Julia Child (Nov. 25, 1966) we used a picture of her butcher, Jack Savenor, of Cambridge, Mass. A Swift & Co. wholesaler in Illinois read the story, made an arrangement to supply the butcher with meat at a substantial discount so the dealer could put a sign on his plant saying "We supply Julia Child." Since Butcher Savenor was identified in our story his sales have increased tenfold-from 1,500 Ibs. to 15,000 Ibs. of meat per week...