Word: markup
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...Houston since 1970, when Neiman-Marcus opened a big store right across from a Sakowitz outlet in suburban Post Oak. The stores sell generally the same kind of goods, the main difference being that some prices are higher at Neiman-Marcus, inspiring customers to dub it "Needless Markup." Most Houstonians remain loyal to the home-town retailers. At Post Oak, the one point where the two compete, Sakowitz's sales are about 25% higher than those of Neiman-Marcus...
...were so impressed with his diligence that they sent him to the mining hamlet of Kemmerer to open a new shop-called The Golden Rule Store. In tiny Kemmerer, almost everybody bought on credit-and paid high prices. Penney, then 26, tried another formula: cash, but with a slender markup to attract big volume. He attributed his chain's success to that policy, and to the profit-sharing plan that he started in 1907, which he said made his employees "associates." With annual sales of $4.1 billion, J.C. Penney today ranks as the nation's fifth merchandising company...
...black is "when you get patronized by everybody downtown-and you don't' even own a store." Shopping is a more than ordinary chore. In black neighborhoods, shoppers run into "the color tax": in other words, inflated prices charged by neighborhood merchants for inferior products. Sometimes the markup runs as high as 400%. Ghetto blacks, cut off from normal credit sources, are particularly vulnerable to such price gouging...
...favored tax status of imported newsprint. His order was designed to 1) stimulate production of newsprint, one of the few industries in the South capable of immediate expansion; 2) reduce imports; and 3) prevent publishers from buying more newsprint than they need, then selling it at a 300% markup on the black market. Fighting back, the publishers began organizing a general strike. At the last minute, Thieu reinstated the publishers' privilege. Said one Cabinet member: "This was our first test of economic Vietnamization, and we failed...
...Corp. Motivated by pride and profit, the three banks formed a syndicate a year ago and began to buy newly mined South African gold. They wanted Zurich to challenge London's position as the leading gold market, and they also figured to sell the gold at a lucrative markup. By carefully controlling their marketing practices, they could keep the free-market price from becoming depressed. They sold the gold to industrial users, private hoarders and speculators-but only when demand was strong enough to make the deal pay off. Indeed, when the free-market price weakened slightly last month...