In NYC they had to actually pass a law regulating multiple going out of business sales become some retailers kept having them for years.
Ah, yes. Another government restriction in response to a non-problem.
Either they were offering insanely low prices every time they were “going out of business”, in which case people can shrug and keep getting fantastic deals, or their prices were crappy in which case people would just ignore them.
I suppose the former case would be “unfair competition”, and the latter would be...whatever euphemism NYers are currently using for “you’re too stupid to do your own shopping so we’ll protect you from paying more than we think you should”.
There’s a local jewelry store over in Cary that’s been going out of business since just after Thanksgiving. They pay street people from Durham little or nothing to stand around with brightly-painted sandwich boards and frighten the newly-arrived unemployed midwesterners who’ve never seen such a thing.
Texas passed a similar law some time ago. Advertise you are "Going out of business" and you have 6 mos to close the doors! This was in response to the perpetual "going out of business" scams. Now they are advertising "GOING OUT for BUSINESS", hehehehehe!