Garment Prices
Sir,—Many Christchurch shoppers will not realise that the prices being requested by a well-known big store for St Michaels (Marks and Spencer, G. 8., Ltd) garments are exorbitantly high, with a mark-up of at least 130 per cent on English retail price. May I be allowed to ask how this company in question can have the effrontery to charge this price when it must be obtaining the garments at wholesale price or less from England? Surely freightage, sales tax, and duty do not add up to this unnecessarily high price. Let us be realistic.—Yours, etc., LET’S PLAY IT FAIR. October 3, 1969.
[Hay’s-Wright Stephenson, Ltd, replies: "The mark-up taken on these goods is certainly nothing like 130 per cent and in fact is no higher than that taken on purchases from local manufacturers. In recent years the retail level of prices in Marks and Spencer has increased, as they have introduced higher-grade merchandise, their main emphasis being value for money. Duty alone on these imported garments is 32] per cent. The goods in question are competitive with New Zealand prices and are in demand at' the prices offered.”]
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Bibliographic details
Press, Volume CIX, Issue 32114, 9 October 1969, Page 16
Word Count
190Garment Prices Press, Volume CIX, Issue 32114, 9 October 1969, Page 16
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