Connect with us

Headlines

Update: NY Algorithmic Pricing Law on Hold

Judge given time to decide motion filed by NRF.

mm

Published

on

Update: NY Algorithmic Pricing Law on Hold
PHOTO: ISTOCKPHOTO

New York Attorney General Letitia James has told a federal judge her office will hold off enforcing a state law requiring retailers to tell customers that they use algorithmic pricing for now, Bloomberg Law reports. That pause is designed to give Judge Jed Rakoff time to decide on a motion filed by the National Retail Federation seeking a temporary and permanent injunction against the law going into effect. (The NRF filed its lawsuit July 2, and the law was to go into effect on July 8.)

If Rakoff, who sits on the bench at the U.S. District Court for the Southern District of New York, denies the preliminary injunction, James’ office said it will wait 30 more days before beginning enforcement of the law, Bloomberg Law reports.

Click here for previous Shop! coverage of the NRF’s reasons for filing the suit.

Advertisement

SPONSORED VIDEO

Exceeding Every Expectation: How Wilkerson Helped d’Original Jewelers Achieve an Outstanding Retirement Sale

When David Rees decided to retire after 34 years of serving Bellevue, Washington’s Eastside, he and his wife knew their exit from d’Original Jewelers needed to honor their decades-long commitment to customers while meeting their financial goals. Since opening in 1990, David had built a reputation as one of the area’s most trusted names for diamonds, custom jewelry, and repairs. Understanding that a successful retirement sale requires more than just discounting merchandise, David chose Wilkerson to manage his transition. What impressed him most was their attention to detail, particularly in accounting and sales projections. The results far exceeded his expectations — the sale significantly outperformed projections, delivering exceptional financial results that surpassed his retirement goals. “They were always there for support. If we needed anything, they were able to accomplish that,” David shares. For jewelers contemplating retirement, David’s experience demonstrates Wilkerson’s proven ability to deliver outstanding results while providing comprehensive support throughout the entire process. His recommendation? “100% yes.”

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Advertisement

Most Popular