The model stock plan

Bibliographic data

Monograph

Identifikator:: 1820833348

URN:: urn:nbn:de:zbw-retromon-210730

Document type:: Monograph

Author:: Filene, Edward A. http://d-nb.info/gnd/123562244

Title:: The model stock plan

Place of publication:: New York

Publisher:: McGraw-Hill Book Company

Year of publication:: 1930

Scope:: xiv, 253 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XV. The Model Stock plan makes greater total profits for every business

Collection:: Economics Books

GREATER PROFITS FOR EVERY BUSINESS 219 business will continue to earn satisfactory profits or even that it will continue to exist. Many a neighborhood grocer whose productive life had been spent in building up a small, modestly profitable store learned this lesson forcefully, and to his sorrow, when the grocery chains invaded his street, offered better values than he could see any possible way to meet, and took away from him practically all that part of his trade which had cash to spend for its groceries. If the small stores are to survive, they must combine in ways to meet competition. This is exactly what has happened in a good many instances in the grocery field. When the chain stores became too great a danger to be longer ignored, buying groups and voluntary chains sprang up in various parts of the country. In one instance, more than 9,000 grocery stores have united with huge success to buy centrally, although retaining individual ownership.! There are many manifestations of this in the drug field, starting a good many years ago with the stores under: the Liggett management. All types of group buying by individually owned units which do not use the Model Stock Plan meet one great diffi- culty: the different viewpoints of the buyers as to the selling price of the goods they must buy together in order to make the savings that come from mass purchasing. The Model Stock Plan standardizes prices and thus makes profitable combined buying because all the stores want goods at these best-selling prices. Also, as we know, the Model Stock Plan draws into its three full-line prices practically all the goods that producers plan for in-between prices. In con- sequence of the economies that result—as we have seen, it is this process applied to five- and ten-cent prices that gives Woolworth’s such exceptional values—the Model Stock Plan A elie eed det 1 In March, 1939, The Independent Grocers? Alliance of America, which was organized by J. Frank Grimes, reported that they had between 9,000 and 10,000 retail stores, and that there were in addition between 3,000 and 5,000 ‘ndividual merchants who had signed agreements and whose stores were being remodelled as rapidly as possible. As soon as these stores are remodelled and have had their big opening sale, they become full-fledged members. [ile the chain stores. the I. G. A. now broadcasts weekly radio programs.

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