BASEMENT STORES FOR THRIFTY CUSTOMERS 87
likely to find that the same goods or similar goods will be
offered by its competitors at prices cheaper than it is offering
them. Such incidents hurt the goodwill and drawing power
of the store; and on its goodwill and the drawing power arising
from the uniformly better values to be found in the Model
Stock three full lines, the Model Stock store depends for
its large volume of sales and its greater total profits. It
depends upon the customers being gradually educated to
come to the Model Stock store notwithstanding competitors’
advertising of just such bargains as we bave been discussing.
Suppose that a good-sized specialty stock comes to the
store as distress merchandise at a price which would permit
selling it below the cheapest full-line price—merchandise
perhaps equal in quality to the highest-priced full line.
Before the buyers of a store fully understand the Model
Stock Plan, they might be tempted to slip such a buy into the
full line which it most closely resembles; of course it will not
be a complete stock. Experience will cure the store people
of this inclination, as they recognize how such a procedure
must harm the goodwill, the selling power of the Model Stock
store,
Job lots, odd lots, all the especially good buys at odd prices
or lacking complete assortments go to the basement store.
An essential of the Model Stock Plan which is frequently
ignored through short-sighted intentness on getting the
greatest immediate profit on a purchase of the sort we have
been considering is the goodwill. The Model Stock store has
carefully, painstakingly, built its whole goodwill on its uniformly
good values in complete assortments. This goodwill is created
and spread by customers who know from experience that
they can always find at the proper time in the Model Stock
store the size and color and style they want. No store can
afford to sacrifice any share of so priceless a reputation for the
sake of a small penny wise and pound foolish profit.
Closely related is the problem that sometimes comes up
when merchandise is offered at a cost to necessitate pricing
it above the highest full line, yet so good a buy that the store
cannot afford to pass it up. This, too, should go into the