Louisiana government officials have stopped a promotional sale on milk because state regulations require them to charge at least 6% above invoice and shipping costs.
FOX News reports:
Fresh Markets in Perkins Rowe [Louisiana] was selling milk for $2.99 a gallon as part of a weekly promotion deal, but Louisiana requires that retailer markups be at least 6 percent above invoice and shipping costs, The Advocate reports.(ht Jim Brownfield)
State Agriculture and Forestry Commissioner Mike Strain said Fresh Market violated state regulations by selling milk below cost as part of a promotion.
The supermarket routinely sells a gallon of skim, 1 percent, 2 percent or whole milk for $2.99 on Tuesdays, limiting the quantity to four per customer, according to The Advocate.
“They can sell it 6 percent over cost all day long. It’s when they sell it below cost that it becomes a problem,” Strain told the paper.
Well, the citizens of Louisiana can sleep safe in their beds tonight.
ReplyDeleteI hope they're grateful.
And they'll never question price supports.
“They can sell it 6 percent over cost all day long. It’s when they sell it below cost that it becomes a problem,” Strain told the paper.
ReplyDeleteSpoken like a true Mafia man. A.k.a. big bully thug.
At this point, the sheeple deserve everything they get.
ReplyDeleteThis is exactly the kind of crap the "General Welfare Clause" was supposed to prevent (at least at the Federal level). A law that punishes the public for the benefit of a chosen few.
ReplyDeleteBoy, have they mangled THAT bit of prose.
Though it was on a slightly different topic, I am reminded of an interweb discussion regarding free trade where one of the participants was reduced to screaming in a fit of irony:
ReplyDelete"YOU CANNOT HAVE FREE TRADE WHEN ONLY ONE SIDE PLAYS BY THE RULES ............."
If stores charge too much, they're price gouging, if they charge the same as competitors, they're colluding, and if they charge less, they're in violation of one more ridiculous law!
ReplyDelete"...they can sell it at 6% all day long."
ReplyDeleteApparently they can't, that's why they had to reduce the price.
Dumbass bureaucrat.
“They can sell it 6 percent over cost all day long. It’s when they sell it below cost that it becomes a problem,” Strain told the paper. A problem for who?
ReplyDelete"They can sell it 6 percent over cost all day long." It is easy to say but if we will think then it affects a middle family economy as well as poor. If price of all the commodities will increase day by day then what will be the graph of Stock Chart Analysis can any one imagine??
ReplyDelete