HBC denies deceptive pricing accusations from competition watchdog
TORONTO — Canada’s competition watchdog is suing Hudson’s Bay Co., alleging that the retailer engaged in deceptive pricing practices for four years, an accusation the company denies.
The Competition Bureau claims HBC (TSX:HBC) misled customers over the prices of mattresses and box springs sold together since at least March 2013, according to a notice of application filed to the Competition Tribunal.
HBC allegedly offered sleep sets at “grossly inflated regular prices” and then advertised deep discounts on them to promote sales, the document says.
“The regular prices of the sleep sets were so inflated above what the market would bear that sales at the regular price were virtually non-existent,” reads the filing.