Costco’s Swatch Sales Trigger High Court Import Clash
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The U.S. Supreme Court grappled with a case that will shape the future of the multibillion-dollar “gray market,” which retailers including Costco Wholesale Corp. use to sell foreign-made products at a discount in U.S. stores.
Hearing arguments today in Washington, the justices debated whether Swatch Group AG’s Omega unit can use a copyrighted logo on its Swiss-made watches to block Costco from selling them in U.S. stores.