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The photos of the old gas stations in another thread reminded me of another expression, which I believe has largely become obsolete now. One of the gas stations had the term "cut-rate" out front in a couple of places. I barely remember one store in my home town that used the term. I believe it was largely replaced by the term "discount," probably in the 1950s, once the so-called big box stores started appearing. ...
There's a small chain of auto parts stores in western Washington State called Cut Rate Auto Parts. Yes, they are aware of the acronym, and they use it in their advertising -- bumper stickers, mostly, which read "Powered by C.R.A.P."
The business dates from 1955, when "cut rate" wasn't yet supplanted by "discount."
I gotta hand it to 'em. They've kept the doors open in the face of competition from big national brands. The stores are kinda fun, too, with old gas pumps and various other old car-related stuff, such as gas station and motor oil signs. I can imagine that it's the sort of place kids would like to go with their folks, as contrasted with the national brand store a couple blocks away.