The UK’s Office of Fair Trading has concluded its investigation into five carpet and furniture retailers after the parties reached an agreement on pricing strategies, say reports.
The companies – SCS, Carpetright, Dreams, Furniture Village and Harveys/Bensons for Beds – have reportedly agreed to change reference pricing policies; stores use reference prices to entice shoppers by promoting a lower price than rivals’ older prices.
The OFT first cracked down on the companies in August last year as the regulator looked to stop anticompetitive pricing strategies by the firms. At that time, the OFT said the firms in question artificially inflated reference prices to promote discounts that were not genuine, reports say.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI