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

Suspect wearing Batman cap sexually assaults woman on Main Street Wetaskiwin

Wetaskiwin RCMP Investigate Sexual Assault – Seek Information and ID suspect

Wetaskiwin Mayor ‘remains committed’ despite Premier’s plastic bag comments

City council: ‘health of the environment is everyone’s responsibility’

Provincial police force demands consideration

High cost of RCMP officers discussed recently

Pipestone Family Cafe grand opening Oct. 25

Special buffet events coming up, Trading Post for rent

County of Wetaskiwin concerned about provincial policing discussion

Lack of detail, lack of answers discussed at council Oct. 8

VIDEO: #MeToo leader launches new hashtag to mobilize U.S. voters

Tarana Burke hopes to prompt moderators to ask about sexual violence at next debate

A year after pot legalization in Canada, it’s a slow roll

It’s one year into Canada’s experiment in legal marijuana, and hundreds of legal pot shops have opened

Pot use admission at U.S. border snagging Canadian boomers, says lawyer

A waiver to enter the U.S. can cost $2,000 and isn’t a guarantee

Health concerns over vaping cast haze over Canadian cannabis market expansion

More than 1,000 people in the United States, and a handful in Canada, have developed a lung ailment

Alberta government won’t seek meeting with teen enviro-activist Greta Thunberg

NDP Opposition Leader Rachel Notley urged Alberta’s United Conservatives to meet with Thunberg

Alberta to join B.C.’s class-action lawsuit against opioid manufacturers, distributors

B.C. government claims opioids were falsely marketed as less addictive than other pain meds

VIDEO: Trudeau, Singh posture for ‘progressive’ votes while Scheer fights in Quebec

NDP Leader Jagmeet Singh, whose party has been on the rise in recent polls, is campaigning in Toronto

Advance voter turnout up 25% for first two days: Elections Canada

Two million people voted Friday and Saturday

In the news: Sprinting to the election finish line and anger amid Manitoba storms

First Nations residents forced to evacuate their Manitoba homes after a recent snowstorm

Most Read