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News Story
7/21/2017
Posted by Mark Reback
The Federal Trade Commission (FTC) is investigating whether Amazon deceives its customers about pricing, according to a Reuters report published Thursday. The FTC’s probe is part of a larger review into Amazon’s recent decision to purchase Whole Foods, and stems from a consumer group’s own probe. Consumer Watchdog conducted an...
News Story
7/21/2017
Posted by Mark Reback
The Federal Trade Commission is looking into claims made by a nonprofit that accuse Amazon of misleading customers about price bargains, a source close to the investigation told Reuters. The probe is reportedly part of the FTC’s review of Amazon’s recent $13.7 billion deal to buy Whole Foods. The complaint was brought up by the...
News Story
7/21/2017
Posted by Mark Reback
When you say you’re selling an item for 30% off of some higher original price, there are rules about how real that “original” price has to be. If that reference is made up, or the item never actually sells for that price, you can land yourself in some legal trouble. And now sources say that the Federal Trade Commission is having...
News Story
7/21/2017
Posted by Mark Reback
The FTC began looking into potential discrepancies in Amazon's pricing list after a recent Consumer Watchdog report, a source told Reuters. The inquiry found that 61 percent of Amazon's products with reference prices were higher for the same product than what the company had sold in the previous 90 days, the Consumer Watchdog wrote in a...
News Story
7/20/2017
Posted by Mark Reback
WASHINGTON (Reuters) - As part of its review of Amazon's (AMZN.O) agreement to buy Whole Foods (WFM.O), the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog,...
News Story
7/20/2017
Posted by Mark Reback
Amazon is being scrutinized by the U.S. Federal Trade Commission over whether its discounts on goods are misleading, after a watchdog group complained, says Reuters, citing an unnamed source. Shares of Amazon (AMZN) are down by $3.18 at $1,025.52, in late trading, after Reuters’s Diane Bartz and Jeffrey Dastin related after...
News Story
7/20/2017
Posted by Mark Reback
The Federal Trade Commission (FTC) is investigating allegations that Amazon misleads customers about its prices and discounts, Reuters reported. The probe comes as part of a review of the company’s proposed merger with Whole Foods The FTC’s probe is reportedly the result of a complaint brought forth by Consumer Watchdog,...
News Story
7/20/2017
Posted by Mark Reback
SAN FRANCISCO — The Federal Trade Commission is looking into allegations that Amazon's discount-pricing policies misled consumers, according to a report today. The probe comes on the heels of a complaint by advocacy group Consumer Watchdog, which examined 1,000 products on the retailer's website and concluded 61% with list...
News Story
7/20/2017
Posted by Mark Reback
As Amazon prepares to lock down its mega-merger with Whole Foods, one of its most controversial sales practices may be coming back to haunt it.   The Federal Trade Commission is investigating claims that the online shopping giant misleads customers with the price comparisons it lists on its products, Reuters first reported. The unofficial...
News Story
7/17/2017
Posted by Mark Reback
Antitrust and labor issues stir discontent; retail analysts skeptical Amazon's plan to gobble up Whole Foods is causing indigestion on Capitol Hill and elsewhere as critics worry the plan would be too successful or, on the other hand, not successful enough. Rep. David Cicilline (D-R.I.), for one, thinks the merger would take too big a bite out...