GIVING AWAY GOODS
PRACTICE CONDEMNED BY RETAILERS From Our Own Reporter TIMARU, February 17. “The New Zealand Retailers’ Federation has on many occasions, had its attention drawn to the fact that some traders make a practice of giving away a certain quantity of goods free, or for a nominal amount, provided goods to a certain value are ordered,” says the annual report of the Furniture Trade Group of the federation, presented at the annual meeting at Timaru to-day. “From the federation's point of view this is a pernicious practice,” said the report.
“The margins of gross profit now enjoyed are due entirely to the efforts of the federation. Surely it is obvious that our case for a revision of ‘markups’ is sadly weakened when certain firms adopt this practice. If these firms had the job of negotiating with the Price Tribunal they would receive very little consideration. The tribunal considers that a firm which can give* away goods is in a position to work profitably on lower mark-ups. “The practice undermines the trade and makes it extremely difficult for your representatives when negotiating with the tribunal. We must protest against what is to us a highly objectionable practice.’’
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Bibliographic details
Press, Volume LXXXV, Issue 25732, 18 February 1949, Page 8
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198GIVING AWAY GOODS Press, Volume LXXXV, Issue 25732, 18 February 1949, Page 8
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