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News Story
8/30/2017
Posted by Mark Reback
PASADENA, Calif. (CN) – Critics have long charged that Amazon uses deceptive listings to mislead consumers into believing they are receiving steep discounts, and a California man on Wednesday asked the Ninth Circuit to overturn a ruling that sent his class action against the alleged practice to arbitration. In a lawsuit filed in San Diego...
News Release
8/24/2017
Posted by John M. Simpson
SANTA MONICA, CA – Consumer Watchdog took the fight against Amazon’s deceptive pricing practices to the state level today after the Federal Trade Commission approved a $14 billion deal for the online retailing giant to buy Whole Foods. The nonpartisan nonprofit public interest group filed petitions asking 11 state attorneys general to...
News Story
8/24/2017
Posted by Mark Reback
The agency chose not to block the deal based off speculation   Back in June, Amazon announced that it would be acquiring Whole Foods for $13.7 billion. Critics were quick to respond that the deal was a huge threat to competition in the grocery industry and that it shouldn’t receive approval from regulators. Nevertheless, it looks like...
News Story
8/24/2017
Posted by Consumer Watchdog
Amazon.com Inc.'s takeover of Whole Foods Market Inc. cleared its biggest hurdle on Wednesday as federal regulators approved the e-commerce giant's big bet on the more than $700 billion food retail market. The Federal Trade Commission's decision allows the companies to complete their $13.7 billion deal, including debt, and avoid a...
News Story
8/23/2017
Posted by Consumer Watchdog
The Federal Trade Commission has given Amazon the green light to proceed with its Whole Foods acquisition. In a statement Wednesday, the FTC said it was no longer pursuing its investigation into whether the $13.7 billion deal would be anticompetitive. "Of course, the FTC always has the ability to investigate anticompetitive conduct should...
News Story
8/23/2017
Posted by Consumer Watchdog
WASHINGTON/SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc (WFM.O), with approvals from a U.S. regulator and the grocery chain’s shareholders. The U.S. Federal Trade Commission said in a statement it would not pursue...
News Story
7/28/2017
Posted by Mark Reback
The Federal Trade Commission is reportedly looking into the company’s pricing policy How do you know if the great deal you just snagged on Amazon is real? The Federal Trade Commission is investigating whether the company uses “deceptive” pricing to make products look more discounted than they are in reality, Reuters reported last...
News Story
7/27/2017
Posted by Connor
According to a recent report, a vendor who sells direct through Amazon has stepped forward to accuse the ecommerce giant of misleading business practices. Specifically, they said that Amazon jacked up the suggested retail price of their product on Prime Day 2017 to make it seem like the discount consumers were getting was far better than it...
News Story
7/24/2017
Posted by Connor
A Charlotte-based startup says e-commerce king Amazon (AMZN) jacked up their suggested retail price during the company’s annual discount event—Prime Day—to deceive consumers into thinking that they were getting a deal, when in reality, they weren’t. Jason Jacobs, founder of Remodeez, a small company that specializes in non...
News Story
7/24/2017
Posted by Connor
Critics have already expressed their displeasure with Amazon’s bid to purchase Whole Foods on antitrust and labor grounds, and now reports say the Federal Trade Commission (FTC) may be looking at the company's pricing strategies. Citing an unnamed source, Reuters reports that the agency is looking into allegations that Amazon routinely...