Word: jobbers
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...brothers plugged their cut-rate bargains in huge newspaper ads, set up their own jobber to buy as cheaply as possible from manufacturers. Said Ike to one competitor: "If you want to put us out of business, go ahead and try. Goodbye." By 1929 the two Katz stores were grossing $5,000,000 a year. By 1930 the Katzes were famous enough for Mike to be kidnaped by mobsters and held for $100,000 ransom (Ike paid...
...fears he is going to lose a customer, he often tries to keep him by cutting prices. But when Standard Oil of Indiana tried this traditional method in Detroit in 1938, it ran afoul of the Federal Trade Commission. Standard had cut gasoline prices to four of its biggest jobber customers, to compete with the prices of other oil companies. Standard thereby enabled one of its customers, who operated his own filling station, to undersell competitors...
...Ottinger saw a big future in plywood, then considered good for little but chair bottoms and automobile floorboards. It also had a bad name because it warped and split. Ottinger started as a jobber in plywood, devised new uses for it, cleaned up in the recession of 1921 by buying vast quantities of plywood at the bottom of the slump, selling for a fat profit on the rise...
...started to work in 1938, when he was just out of the University of Pennsylvania. To his $500 savings, his father, James, a textile jobber, added $5,000. With the money, they formed Airedale Worsted Mills, Inc. with Joe as president. They rented a loft in a Woonsocket (R.I.) mill, bought some secondhand machinery, hired two workers and started weaving worsted fabrics...
...keep chiselers out." Papa, they thought, was the man who knew best how to do that. And despite his sweetly reasonable air, it was testified that Papa would indeed put a merchant out of business, if he did not go along with him. Fred H. Vahlsing, wholesale fruit-&-vegetable jobber, testified that when he refused to sign a union contract in 1945, Papa had forced him to shut up shop. Out-of-town members of Papa's union had to pay his local an "unloading fee" of from $2.50 to $14.28 on any truck they drove into New York...