Business: DISCOUNT HOUSES

They Are Teaching a Lesson in Retailing

FOR many U.S. retailers, the greatest worry is not a recession. It is a fear of the discount houses at which shoppers can buy electrical appliances and hundreds of other articles at 20% to 40% off the list price. Since World War II, discount houses have cropped up in almost every large U.S. city; there are now some 6,000 stores, which operate from Maine to the Mexican border. This year, total discount-house sales in the nation will be about $5 billion. Many small retailers worry that the booming discount houses will do to them what...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!