trading stamps


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trading stamps

a form of SALES PROMOTION whereby a retailer gives customers stamps that have a value related to the value of purchases made and that can then be redeemed for goods or cash.
References in periodicals archive ?
Laws Stores announced: "We are utterly against trading stamps.
There were ups and downs, but by the 1960s, Carlson's Gold Bond trading stamps had 30 percent of the multimillion-dollar market.
Stamp Haters who preferred no trading stamps and typically were concerned about competitive prices.
During the 1950s and '60s, trading stamps were a popular way for grocery stores and other merchants to help drive customer loyalty.
451-4(b)(1)(iii) specifies that the estimated average cost of redeeming each trading stamp or coupon shall include only the amount the taxpayer paid to acquire the merchandise, cash, or other property needed to redeem the coupons.
Tesco had been taken to court for selling goods below the manufacturers' prices and as a way round this trading stamps were introduced, thus providing a discount at the check out.
The Pennywise label, created by MSpace Design of Sonoma, features the impression of a penny coin and is modeled after old-fashioned trading stamps, which were once issued by grocers and other retailers to build store loyalty.
451-4 provides a method of computing net income for taxpayers that issue or sell qualifying trading stamps or premium coupons that are redeemable by that taxpayer for merchandise, cash, or other property.
By the mid-1950s, trading stamps had become a consumer craze with thousands of devoted collectors.
He is currently personally directing several new projects, one of which could spell the "rebirth" of the industry which began his empire -- trading stamps -- utilizing modern electronic smart-card technology instead of paper-and-glue stamps.
This regulation provides an exception to the all-events test for taxpayers that issue trading stamps or coupons with sales when the coupons are redeemable for future merchandise or cash.
You can send used postage stamps, Green Shield, Pink Shield, Co-op and other trading stamps, spent telephone cards and petrol and cigarette coupons.