The existing ban on low prices impacts deals on everything from Thanksgiving turkeys to televisions to clothing, and all products in-between. The existing law doesn’t just apply to low prices that may occur during special sales, but all low prices that a retailer may charge any day of the year. It is believed that only two states have a law that bars these low prices – Oklahoma and Wisconsin.
Holt said the outdated law puts Oklahomans at a competitive disadvantage with neighboring states where retailers can legally offer significant bargains for “Back-to-School” and holiday sales, including “Black Friday,” the biggest shopping day of the year. By forcing Oklahomans to leave the state to shop, consumers, retailers, and core government services are all negatively impacted.
Senate Bill 550 next goes to the full Senate for consideration.