Black Friday in Oklahoma just hasn’t been so fun as it is for everyone else.
An old Oklahoma state law currently on the books requires retailers to sell all goods for at least 6% above cost. This has made it illegal for retailers to offer the eye-popping discounts and doorbusters that are available in other states. To get the deals, Oklahoma’s Black Friday fans often cross state lines – meaning that shoppers are shelling out more to travel and Oklahoma businesses are missing out on those sales.
Oklahoma State Senator David Holt hopes to change all of that, yesterday announcing a new bill that would allow retailers to set their own pricing. ”It’s every day of the year and it’s not just sales. There are stores that charge below costs or would like to charge below cost for certain items every day of the week you know, to bring people in the door. All of that is currently illegal,” said Holt.
The best news is that if the bill passes, it will go into effect just in time for Black Friday 2013. We’re keeping our fingers crossed for you, Oklahoma!
Photo credit: Ben Lucier via Flickr. Some rights reserved.
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