A PYMNTS Company

Canada: HBC denies deceptive pricing accusations from watchdog

 |  February 22, 2017

Hudson’s Bay is denying allegations of deceptive pricing practices from Canada’s competition watchdog.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Competition Bureau issued a statement Tuesday alleging HBC offered mattresses and foundations sold together at grossly inflated regular prices and then advertised deep discounts on the sleep sets, suggesting significant deals for customers.

    The bureau says the company has engaged in that practice throughout Canada since at least March 2013.

    HBC disagrees with the bureau’s position and will vigorously oppose their application to the Competition Tribunal, company spokeswoman Tiffany Bourre said in a statement.

    “We believe our mattress pricing process is fair, competitive and in line with industry standards and the Competition Act,” she said.

    Bourre added that the allegations by the bureau are “considered a reviewable matter… not an accusation that the company has committed an offence.”

    Full Content: Huffington Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.