Studies in securities

Bibliographic data

Monograph

Identifikator:: 834011689

URN:: urn:nbn:de:zbw-retromon-85682

Document type:: Monograph

Author:: Jung, Karl Emil http://d-nb.info/gnd/117659711

Title:: Lexikon der Handelsgeographie

Place of publication:: Leipzig

Publisher:: Verl. des Bibliogr. Inst.

Year of publication:: 1882

Scope:: 1 Online-Ressource (IV, 563 S)

Collection:: Economics Books

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

36 THE MODEL STOCK PLAN of the basement store (with the exception of the first 12 selling days) when some goods did not fall under the rule of automatic reduction. Clerks must every day go through every piece of merchandise that could possibly be affected. Needless service was eliminated. No elevator service is provided. Goods may be returned only within 48 hours; the limitation does not apply on defective merchandise. In 1911 free delivery was done away with; customers pay a minimum charge of 10 cents to have merchandise delivered. Charge accounts are also eliminated; basement sales are for cash. With all these methods for saving on the cost of doing business, a customer in the basement discovers that she is pushed around in a crowd; to a considerable extent she has to wait on herself; there are no special comforts or services; and no favors of any kind. But she gets better merchandise cheaper as a result of these economies. She saves money. That is the reason people come. And they do come in great crowds. As many as 76,000 persons have entered the base- ment in one day. The basement has sold over g,000,000 pieces of goods in a single year. By now it must have been made plain that the Filene base- ment store is not, like some bargain basements, merely a place for low-grade merchandise or old lots that cannot be disposed of anywhere else in the store. It is a store that sells allgrades of merchandise from the highest priced to the lowest priced. The sole requisite is that the goods be salable, reliable as to quality, and a bargain at the price. The basement has sold as many as zor women’s fur coats between $49 and $199 apiece in a single day. That is a good many for a basement store where the selling methods are not stylish, where the customers have to pay cash and something extra if they want delivery service. By the very nature of the business, it takes whatever lots it can get, provided they are of reliable quality, whether or not they are complete in sizes, colors, and styles. Often this in itself is a sufficient reason for low prices. One woman may be buying a cloth coat for more than $200 at one rack and another may be purchasing one for $5 at the very next

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