CASH v. CREDIT.

Stratford Evening Post, Volume XXXIV, Issue 63, 7 November 1912, Page 6

CASH v. CREDIT.

An important Change of System

In an inset circulated with this issue

he Robinsons, of Manchester House

announce an important change in the system of conducting their drapery business—viz., “the giving up of the credit system, closing their hooks, and selling their goods for cash only.” After much thought and consideration, Mr.'Robinson lias come to the conclusion that a cash and credit business cannot be run successfully together.

The combination is not a good one, and the system does not commend itself to the general public, who naturally think that by dealing at a dual store they have to pay for what the credit customer sometimes gets for

nothing. There is a lot of common sense in the argument. The Robinsons see this, and therefore have decided to relinquish the credit system, reconstruct their business on cash

principles, and sell their goods for “ready money only.” Freed from the losses and trammels of the old system, they consider they will be able to offer to the public high-grade goods at such low quotations in price, that must eventually bring largely increased business to their store, and more than equalise what they-* are sacrificing by abandoning their booking business. The inset gives just an introductory intimation of tho new departure. Others will follow, giving details of how it came about, and how it is intended to carry it through. To reconstruct a business like .Robinsons’ on these new 1 inek, 1 hii'o'iih s' tlifit f ‘ '• Wrf of work is to bo got through—re-marking the whole of their large stock (including over thirty cases of now season’s goods just to hand), at the greatly reduced prices it is intended to sell them at in future. To get through this work as soon as possible, Manchester House will be closed down from Monday next.to the following Friday, the 15th. On Saturday, tho 16th, the new system will be introduced to “’the general public in all its thoroughness. _