WASHINGTON (AP) — The Supreme Court is weighing whether Costco and other discount sellers can offer cut-rate goods from foreign manufacturers without violating U.S. copyright laws.
The justices heard argument Monday in a dispute between Costco and Swiss watch maker Omega over a line of watches that Costco sold for a third less than they cost elsewhere.
The case has important implications for discount sellers like Costco and Target as well as eBay, Amazon and other companies that form an estimated $58 billion annual market for goods that are purchased abroad, then imported and resold without the permission of the manufacturer. U.S.-based sellers and consumers benefit from the common practice of manufacturers to price items more cheaply abroad than in the U.S.
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