Enough, for the moment, of detail. Some of it is necessary to a proper
understanding of the workings of this great machine of modern business,
but too much of it may easily bore you. Instead, quickly turn your
attention to a Macy feature dear to the heart of the average
shopper--male or deadlier. Here is the familiar, the time-honored
"special sale." In holding these Macy does not lay claim to originality,
except perhaps in the amount of merchandising involved and the
spectacularly low prices. Sales are in a large measure opportunities for
the store as well as for the customer. It takes a goodly amount of
merchandise from a manufacturer who for some reason offers a large
concession in price and passes on its advantage to its customers. This
is not generosity. It is good business. It is sound business. It is
progressive business.
Take a sale of laundry soap that went on within the great store about a
year ago. The soap was made in this country and contracted for by the
city of Paris, upon a dollar basis. Exchange slumped, and with francs
worth only a fraction of their former value, Paris couldn't afford to
take it. Macy's offer for it was accepted and so marked was the
reduction at which it was offered to the public that inside of two weeks
the big store had sold twenty-two carloads of it. Figuring from the fact
that a carload comprised six hundred cases, the turnover amounted to
6,862 cases; or, counting a hundred bars to a case, 686,200 pieces of
soap!
The most successful sale of winter underwear that Macy's ever held took
place during a very warm week in July, a twelvemonth before the laundry
soap episode. A large manufacturer wanted to unload his stock and Macy's
bought it for cash. Add to these facts the consideration that the goods
were away out of season and you can readily see how it was possible to
buy the goods at a very low price. Relying upon the public's ability to
judge values, in and out of season, the store launched the sale--and
launched it successfully. It was like a scene out of _Alice in
Wonderland_ to see the crowds of men and women with perspiration rolling
down their foreheads buying woolen "undies" against the needs of winter.
Americans do like to be forehanded.
Macy's ability to buy and sell huge quantities of merchandise is
demonstrated through these sales. Very recently over seven thousand of a
particular leather traveling bag were sold in less than four weeks, at
an aggregate price of nearly $75,000. In one day seven hundred vacuum
cleaners were sold for $29.75 each. This list might be continued
indefinitely; for not only has Macy's proved that it pays to advertise
but that it pays to follow the Macy advertisements.
Public-domain text, read in full here on John Shaqi.
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