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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 20, 1975
Page
7
The trading stamp industry seeks new markets to regain preinflation sales. Industry leaders note stamps down but not out, eyeing independent grocers, drugstores, discount shops, and truck stops as revenues while supermarkets and gas stations scale back.
An institute spokesman warned a 1.6 cent rise in prices per dollar, while stamp industry spokesmen dispute the claim. Wade calls stamps advertising and not a cause for food price hikes. Rooney argues trading stamps do not raise prices and notes retailers spend about 4 percent of gross sales on merchandising including in store promotions.
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