Word: retailing
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Dates: during 1880-1889
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PRICES.The aim of the society is to supply its members with goods at the lowest possible prices, subject only to the addition of a slight percentage to cover expenses. As the price of each book and every article of stationery is determined, relatively to the ordinary retail price, by the terms of the various agreements that have been made by the superintendent with the firms by whom we are supplied, it would require a detailed statement of these prices to show the exact advantage of the members of the society over other persons...
Such a statement would hardly be within the scope of this report. It will be sufficient to state that the society buys as a rule at wholesale prices and in no case are the prices of the society higher than the retail market price, and in many instances they are lower in a surprising degree, as in certain cases the society has been able to make arrangements which enable it to sell at prices with which the ordinary retail dealer cannot hope to compete...
...such goods as examination books and all kinds of paper, the society has forced down the prices in all other stores, so that instead of the exhorbitant prices which prevailed before the foundation of the society, and which in part led to it, there has actually prevailed among the retail dealers of stationery in Cambridge a rivalry as to which should sell these articles at the lowest price...
...reduction from retail rates obtained on book averages 33 1/3 per cent...
...Cooperative Society is not a dream. Already the beneficial effects of its establishment are beginning to be felt. To meet the movement one Cambridge dealer, not among the "affiliated tradesmen," has refitted and furnished his store, and announces to students a reduction of 30 per cent. from ordinary retail prices. More may be expected to do likewise soon. "Competion is the life of trade...