Oklahoma law limits bargains on Black Friday - KOAM TV 7
Member Center:
Oklahoma retailers might offer less savings on Black Friday compared to others in the Four States due to a bargain busting law still on the books.
The Unfair Sales Act law has been around for nearly 70 years and costs Oklahoma Black Friday shoppers hundreds of dollars each November.
For example, across the state line in Baxter Springs, Kansas shoppers looking to score a 60 inch smart LED TV will pay $688. Those in Oklahoma must pay $976 for the same product.
The law was put on the books in 1949 to protect small businesses and requires businesses to sell items at cost to the retailer plus a 6% markup. There are eight exceptions. Examples include clearance sales of seasonal merchandise, perishable goods to avoid loss and damaged or imperfect goods. Items sold to city, county or state government are also exempt, as well as non-profit organizations.
While it may protect business competing with large retailers within their community, it is not going over well with some Oklahomans looking to save a buck.
"You have to sell to make a profit or you don't stay in business, and if they can sell an items in Kansas and make a profit, and there is that much difference in Oklahoma, we need to change that," says Oklahoma State Representative Larry Glenn. "Two bills - The first one would actually repeal the entire fair trade law section of the statute. If that's not successful I'm going to do an amendment to allow them to sell to schools."
 | 
KOAM - Licensed to Pittsburg, Kansas 
All content © Copyright 2000 - 2013 WorldNow and KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
|
