Will the Supreme Court Control Pricing -- and Wal-Mart?
The Supreme Court has quite a conundrum before it: Should they trash anti-trust laws and allow designers and manufacturers to set a minimum price for their wares? Pro: Luxury labels can expand their presence without fear of rock-bottom pricing diminishing their mystique. Con: Places like Burlington Coat Factory and Wal-Mart and other bargain stores may see a fall out in terms of what they can offer. (via WWD)
"This case is going to be very significant in the sort of battle between Wal-Mart and the Main Street stores." -- U.S. Supreme Court Justice David Souter