The Competition Bureau says HBC agreed to pay a $4 million penalty and $500,000 towards costs in the proceedings over whether the retailer misled customers over sleep set prices since at least March 2013. OTTAWA - Canada’s competition watchdog says the Hudson’s Bay Co. will pay $4.5 million to resolve a deceptive pricing probe. The bureau took legal action against the retailer in 2017, alleging it used deceptive regular price claims and clearance promotions for sets of mattresses and foundations. HBC will ensure marketing of its sleep sets complies with regulations, and establish and maintain a compliance program as part of the agreement. The company will also make sure it markets its major appliances appropriately.

Source: thestar May 08, 2019 17:37 UTC