Word: undersold
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...Coop policy, " according to Sanford Litwin, General Merchandise Manager, " is very simple. We refuse to be undersold. " As a result, the Coop this week has cut its retail prices on all records, with the exceptions of George Harrison's " All Things Mast Pass, " " Jesus Christ Superstar, " and import albums...
...appearances and tactics, the President must hold his right flank. Among the first politicians he saw after the election were leaders of Senator-elect James Buckley's New York Conservative Party. Last week Spiro Agnew was still refighting the campaign, arguing that the only mistake was that "we undersold our message...
Refund the Difference. Sir Bernard took over in 1955, expanded operations, notably by opening 15 supermarkets, but kept to the company motto, "Never knowingly undersold." Any customer who finds an item he bought at John Lewis selling for less elsewhere can get a refund of the difference. In line with its low-price policy, John Lewis has fought retail price fixing for decades. Only last summer the company had it out with the makers of Cadbury's chocolate, and sweet-toothed Britons gleefully watched the retail price of candy crumble...
...bargain-basement merchandising to open "budget stores"; in Columbus next year, Ohio-based Federated Department Stores will branch out with its first two Gold Circle discount houses. Like other department stores, Detroit's J. L. Hudson Co. meets cut-rate competition with a we-won't-be-undersold policy: "You pay no more at Hudson's-Tell us if we're wrong...
...Underseller Undersold. The industry's troubles began with widespread restrictions by other countries against importing the cheap "dollar blouses" with which Japan flooded world markets in the 1950s. The reaction is still strong. This year, sweeping import barriers set up by Japan's major African customers (Nigeria, Tanzania, Kenya and Uganda) will contribute substantially to an estimated 5% decline in the country's cotton exports. On top of this, Japan is losing ground in traditional markets simply because spinners in other countries have been quicker to modernize, and thus to undersell the Japanese...