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Department Stores Embrace Discount House Methods
A retail revolution unfolds as big department stores and chains adopt discount tactics to compete with 3000 discount outlets. Woolworth plans Woolco as the first unit this year, while S. S. Kresge and Interstate push into self service and lower markups. Executives foresee 80 percent of shoppers relying on discount centers within 5 to 10 years, expanding self service and fewer services with maintained value.
MENTIONED IN THIS ARTICLE
New York
F. W. Woolworth Co
Robert C. Kirkwood
Woolworth’s
Woolco Department Stores
S. S. Kresge Co
Interstate Department Stores
Chicago
Baltimore
Kalamazoo
Mich
Hartford
Grayson-Robinson Stores
Bankers Securities Corp.City Stores Co
Philadelphia
May
Akron
Denver
Cleveland
Los Angeles
San Fernando
Bernard Litvak
Lit Bros
J. Gordon Dakins
National Retail Merchants Association