Wednesday, July 22, 2009

Sales Below Cost Laws

Don't expect really low prices if you are shopping in one of four states that prevent retailers from selling below cost. Shoppers in Wisconsin will be missing out on Walmart specials.
Wal-Mart Stores Inc. announced a slew of $9 back-to-school specials Tuesday - items such as a Texas Instruments calculator, eyeglass frames for kids and backpacks. But some of those won't be sold for that price at Wisconsin stores because it would violate state law.

Wisconsin is one of four states in the country that have laws forbidding retailers from selling below cost. The others are Alabama, Hawaii and Oklahoma. Wal-Mart said prices and availability will vary in those states.

The Wisconsin law, officially the Unfair Sales Act, includes a provision requiring minimum markups on gasoline, alcohol, prescription drugs and tobacco.

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