business news in context, analysis with attitude

In Milwaukee, the Journal-Sentinel reports that Walmart, which has launched a national promotion of nine-dollar back-to-school specials, won’t be able to offer those specials in Wisconsin, Alabama, Hawaii and Oklahoma – the four states in the union that prohibit selling anything below cost.

Such legislation, the paper writes, is designed to prevent a giant retailer such as Walmart from entering a market and dominating it with prices that local retailers cannot match.
KC's View:
I understand the logic behind such legislation, but would argue that if retailers are trying to beat Walmart on price alone, then most of them already have lost the battle. You have to compete with the Bentonville Behemoth in areas that Walmart doesn’t do well…and while I can appreciate that this is a harder argument to make during a recession, I’m not sure that it is any less true.