Regulator investigating possible Sears Canada liquidation sale prices markups

Liquidations sales began in October

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.

READ: Sears Canada to liquidate remaining stores

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.”

For example, Amazon.com.ca Inc. agreed in January to pay a $1 million penalty and $100,000 towards costs after the bureau determined the online retailer hadn’t verified the accuracy of “list price” information provided by its suppliers.

The bureau also works to achieve “voluntary” compliance with the act “through various types of communication to businesses or individuals in specific matters before, during and/or following an investigation.”

A spokesman for Sears Canada told The Canadian Press that the company didn’t have a comment about a CBC News report on Thursday that said it had spoken with a Sears Canada employee who said he was ordered to mark up prices shortly after liquidation sales began on Oct. 19.

VIDEO: Sears liquidation sales continue across B.C.

A call and emails to one of the Sears Canada liquidators were not answered Thursday.

Sears Canada has been under court protection since June and began the process of liquidating its remaining stores in October after failing to find a buyer.

After the sales began, several customers posted pictures to social media suggesting prices had been raised.

The joint-venture group running the liquidation includes Hilco Global, Gordon Brothers, Tiger Capital Group and Great American Group.


Like us on Facebook and follow us on Twitter.

Just Posted

Tilray names several former politicians to international advisory board

Many former politicians and political operatives have made a foray into the legal pot industry

More parcel thefts happening in Nanaimo as Christmas nears

Police looking for person of interest after Dec. 5 incident in hospital area

Beefs & Bouquets, Dec. 13

To submit a beef or a bouquet to the Nanaimo News Bulletin, e-mail bulletinboard@nanaimobulletin.com

Baby, it’s nasty outside: wind and rain will continue across Vancouver Island

Police warn drivers and pedestrians to use precaution during expected rain and winds

Clippers win and will keep focused till the break

Nanaimo Clippers defeated Alberni Valley Bulldogs on Wednesday

Mental health issue suspected after spike belts end car chase in Lantzville

Woman in her 30s from the Nanaimo area detained after Tuesday afternoon incident

Nanaimo city council will reconsider waterfront walkway plan

Project included in financial plan but councillors want to examine scope and timelines

Customers at new Quality Foods finding spare change for Coins for Kids

Charity getting a boost from new bigger, busier Harewood location

B.C. businesses evacuated due to emailed bomb threat, also received in U.S.

Penticton and Comox Valley businesses evacuated Friday morning

Police respond to alleged bear-spray threats in Vancouver Island park

A number of Comox dog owners have reported their off-leash dogs being threatened with bear spray

B.C. man linked to human remains probe gets absolute discharge on unrelated mischief count

Curtis Sagmoen was in Vernon Law Courts Dec. 13 for a mischief trial

Supreme Court upholds Canada’s right to reargue facts in assisted-dying case

Julia Lamb and the B.C. Civil Liberties Association are spearheading a challenge of the law

B.C. company facing several charges in 2017 chicken abuse case

CFIA investigation leads to 38 charges against Elite Farm Services and Ontario-based Sofina Foods

Woman forcibly confined, sexually assaulted between Creston and Cranbrook

The suspect forced the woman into her vehicle before driving along Highway 3

Most Read