Word: discounts
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Dates: during 1950-1959
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...disk, with exceptions for complete operas and other particularly expensive performances. Angel, Westminster, Vox and Cook all claim special qualities for their recordings, are hewing to the original $5.95 price line. Others have agreed on a $4.98 "suggested" price. Manhattan's Sam Goody's, the major record discount house, continued to discount the "suggestions," advertised classical LPs for as much as 29% off. Billboard reported one significant change "deep [in] the country's economy": the pawnshop value has dropped from $1.25 to $1 a disk...
Minute Man Radio Co. of Cambridge is offering a 20 percent discount in addition to the announced ones. Along with Briggs and Briggs, both stores are also offering 20 to 30 percent discounts on records which were not reduced...
Victor's move to simplify this maze simply brings list prices down to what people are paying at many discount dealers anyhow. Industry men and dealers sputtered as they heard the news. Columbia, Victor's biggest competitor, was caught with its policy down, hastily announced a cut that generally met Victor's new prices (but such high-cost items as the Casals Festival recordings will sell at $4.95 or $5.95). London also cut to Victor's level, except for operas. Both Angel, with its luxurious, factory-sealed albums imported from Britain, and Westminster bravely insisted that...
...selling was hard, for in 1954 consumers gave businessmen a taste of what competitive coexistence can mean at home. Department stores, once a major market place for appliances, saw some 35% of that business go to discount houses as bargain hunters stalked the land. Competition was so stiff in the auto industry that sales increases were racked up only by G.M. and Ford. Chrysler's cut of the market slumped from 20% to 13%, and mergers cut the number of auto companies from eight to six. But by year's end, Chrysler was scoring a comeback with...
...rose, other fiscal tools were brought into action. Not only did $2 billion in unemployment-insurance payments help fill the gap in wages, but there was a step-up of $700 million in Social Security payments. The Federal Reserve Board eased credit by cutting bank-reserve requirements and the discount rate at which banks borrow from the Federal Reserve. The Administration also wisely abandoned, at least temporarily, its determination to balance the budget, prepared to accept a $4.7 billion deficit in the current fiscal year. With its new housing law, which cut down-payment requirements and liberalized Government mortgage insurance...