Regulator investigating Sears Canada liquidation sale prices: monitor
TORONTO — The Competition Bureau is investigating allegations that prices on some merchandise were marked up ahead of the liquidation sales at Sears Canada that began last month, the court-appointed monitor overseeing the retailer says.
The monitor’s seventh report to Ontario Superior Court says the federal competition watchdog sent letters on Nov. 8 to the liquidators inquiring about the allegations that certain merchandise was marked up.
A Competition Bureau spokeswoman said Thursday that the agency can’t comment or confirm any ongoing investigation.
But under federal law, she wrote in an email, consumers should not be misled by references to inflated regular prices and “doesn’t make any distinctions between retailers and liquidators or the nature of the promotional event.”