49108
47672
S&P/TSX
16016.46
-120.13
(-0.74%)
S&P-CDNX
798.20
-0.37
(-0.05%)
S&P-500
2652.01
-10.84
(-0.41%)
NASDAQ
6856.53
-19.27
(-0.28%)
Dow
24508.66
-76.77
(-0.31%)
Dollar
0.7823
+0.00078
(0.100%)
Oil
57.44
+0.40
(+0.70%)
Gold
1261.70
+4.60
(+0.37%)
Silver
16.075
+0.141
(+0.88%)


Are liquidation prices legit?

The Competition Bureau is investigating allegations that prices on some merchandise was marked up ahead of the liquidation sales at Sears Canada that began last month, the court-appointed monitor overseeing the retailer says.

The monitor says the regulator sent letters on Nov. 8 to the liquidators inquiring about the allegations that certain merchandise was marked up.

Sears 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.



More Business News

39549
Recent Trending
48304
Okanagan Oldies
47313
Castanet Proud Member of RTNDA Canada
Press Room