Word: markup
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Dates: during 1940-1949
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...NOBODY HAS EVER BEATEN GIMBELS AT ... KEEPING PRICES DOWN." Gimbels' case: on $41,861,000 worth of goods sold between Feb. 1 and Sept. 30 (a rise of 50% over the same period in 1945), Gimbels, said he, had consistently undersold Macy's; Gimbels' overall average markup was only 31.47%, about 1½% under Macy...
...Imported goods under price control (and Canada gets over three quarters of its imports from the U.S.) will be granted a smaller markup than goods made in Canada. This will not only reduce the profits from sales of imports from the U.S., it will also discourage imports. Government import subsidies, which cost Canada some $100,000,000 last year, will be increased, if necessary...
...eliminating all frills, Founder S. Klein (who died in 1942) cut his cost of doing business to about 7% of net sales (most large retail stores figure costs around 36%). Thus he could make money with a quick turnover and an average markup of 10% over wholesale prices. He bought as he sold-cheap. Dress manufacturers in need of money found Klein ready to buy excess stocks at cut prices. Many a $14 dress thus found its way to Klein's $7.95 racks. If it stayed there more than two weeks, it was marked down...
...preliminary figures submitted by Chrysler Corp. (Plymouth, Dodge, De Soto and Chrysler) OPA will probably allow a markup of 1% above...
Said Bowles: "Dealers will actually realize considerably higher [profit] margins than they did before the war." His explanation: although 1941 list prices permitted dealers a markup of about 24%, cash discounts and losses taken on trade-ins actually reduced this to 12%. Since the present demand reduces the need for high trade-in allowances, Bowles predicted that dealers' actual markups "will be about 75% above the prewar level...