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. THE CANADIAN PRESS/Nathan Denette

HBC to pay $4.5M to close deceptive pricing probe: Competition Bureau

The bureau took legal action against the retailer in 2017

Canada’s competition watchdog says the Hudson’s Bay Co. will pay $4.5 million to resolve a deceptive pricing probe.

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.

READ MORE: HBC shuttering Home Outfitters across Canada

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.

Competition commissioner Matthew Boswell says in a statement that this sends a strong message that the bureau won’t tolerate unsubstantiated savings claims.

The Canadian Press

Like us on Facebook and follow us on Twitter

Just Posted

Recreation guide brings new programs to Penticton

Pick up a copy in the Penticton Western News this week

Okanagan Art Gallery presents Our Town exhibition

The Osoyoos gallery celebrates the town as seen through the eyes of local artists.

MP Richard Cannings to kick off campaign with NDP leader Jagmeet Singh

Shindig in the Garden takes place Aug. 29 at Linden Gardens in Kaleden

Two drowning incidents on Okanagan Lake serve as safety reminder

B.C. drowning fatalities down compared to August 2018

New Penticton/Kelowna transit route ready to roll out

Route 70 Penticton/Kelowna will provide a direct trip to Kelowna from Penticton and Summerland

Memorial grows for teen who drowned in Okanagan Lake

Jaxsn Cahill drowned at Gellatly Bay Park in West Kelowna on Aug. 17

Five hedgehogs quickly adopted after being left at BC SPCA

Lucky new owners picked up their pets from Maple Ridge branch on Aug. 20

Okanagan RCMP superintendent helps with arrest

Vernon Supt. Shawna Baher arrests man for theft; turns out to be suspect in assault and robbery

Kelowna man arrested for allegedly setting blaze near Fire Department

The man was allegedly seen lighting bushes on fire near the Kelowna Fire Department

B.C. cricket players get interrupted by racist remark

Community has had protocols in place for years to respond to prejudice

Groovy B.C. wedding a throwback to Woodstock ‘69

Couple hosts themed wedding 50 years after legendary festival

Okanagan mothers to share grief, spread awareness for Overdose Day

Moms Stop the Harm is hosting an event for International Overdose Awareness Day in Kelowna

Nearly 50% of Canadians experience the ‘post-vacation blues’: poll

48 per cent of travellers are already stressed about ‘normal life’ while still on their trip

Most Read