Thursday, November 23, 2006

State's markup law knocks some medicines out of Target's $4 plan

Guy Boulton reports in today's Milwaukee Journal Sentinel
Wisconsin's Unfair Sales Act, or minimum markup law, bars retailers from selling products at below cost. The law prevents Target from selling 16 drugs, or specific dosages of a drug, at the $4 price in Wisconsin.

That's out of more than 300 items - when different dosages of the generic drugs are taken into account - included in the discount program.

Here's a critique of the law by the Federal Trade Commission.