Requires disclosure of usual and customary price for merchandise offered in certain advertisements.
Impact
If passed, S1765 would amend Title 56 of the Revised Statutes, thereby directly impacting the advertising practices of retailers and other companies in New Jersey. The requirement for price disclosure would help consumers make informed purchasing decisions, potentially reducing the instances of deceptive marketing practices that exploit consumer trust. Moreover, the enforcement of these provisions could lead to an overall improvement in the integrity of commercial practices within the state, fostering a more ethical retail environment.
Summary
Bill S1765, introduced in the New Jersey State Legislature, aims to enhance consumer protection by requiring businesses to disclose the usual and customary price of merchandise offered in specific types of advertisements, particularly those featuring promotions like 'Buy One, Get One Free' or 'Two-For-One' offers. Currently, there is no legal obligation for businesses to provide this information, which the bill highlights as a necessary measure to prevent misleading price inflation and enhance transparency in consumer transactions. The bill defines unlawful practice in relation to such advertisements under existing consumer fraud legislation, intending to protect consumers from deceptive pricing strategies.
Contention
The bill could face opposition from various business sectors, particularly retailers, who may argue that the added requirement could complicate marketing strategies and increase operational costs. Critics could claim that such regulations could stifle promotional creativity and lead to a less competitive market. However, supporters of the bill emphasize its importance for consumer rights and the necessity for more stringent regulations to combat deceptive advertising practices. As the bill progresses through the legislative process, these points of contention are expected to shape the debate.