No. of Recommendations: 3
This brings back memories from the 70's and 80's of restaurants who, rather than reprint their vinal menus each week, had masking tape over the price column with the price du jour of each item hand written on top.
At the beginning of the 70s, Radio Shack has the price printed on the packaging of many of it's small items. Once inflation took hold, they no longer printed the prices, but provided sheets of pre-printed labels, with the price of the day on them, with the small parts shipments, so the stores spent considerable payroll sticking the labels on the packages. By the end of the 80s, RS resumed printing the price on the package, but we still had annual price escalations, so I was still paying my guys to reprice stuff every August. The late 80s price escalations were different however. Cost didn't change much. Most of the price increase was margin escalation.
A few years ago, merchants in Michigan cried that putting a price label on every item was a "burden", to the individual pricing law was repealed. Now, there is a price sticker on the shelf, only.
Steve
