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Summit Appliance is the residential product division of Felix Storch, Inc (FSI). It was founded and trademarked in 1969 and is now headquartered in the Bronx, New York City, where their manufacturing and operations are done. [1] They have additional warehousing facilities in Edison, New Jersey. Summit is both an importer and manufacturer of ...
They trademarked the Summit Appliance brand name in their first year, and began their distribution in Long Island City, New York. In 1983, needing additional room for expansion, they moved their headquarters and operations to the Bronx. In 1998 they purchased their current HQ building in the Bronx, where their manufacturing, operations, back ...
A price markdown is a deliberate reduction in the selling price of retail merchandise. It is used to increase the velocity (rate of sale) of an article, typically for clearance at the end of a season, or to sell off obsolete merchandise at the end of its life .
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