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

Kelowna’s Gospel Mission serves annual Christmas dinner

Between 700 to 800 meals were served Saturday to the community

The Paperboys visit Kelowna

Check out the Rotary Centre for the Arts Jan. 27

Let it snow in Kelowna

Snow is in the forecast for this week

Photos: Adventuring in Stuart Park

Have you seen Friday’s edition of the Capital News? Check out the photos featured

Rutland students help less fortunate

At Rutland Senior Secondary, students are helping the homeless this holiday season

What’s happening

Find out about the events happening in your community this weekend

Kamloops RCMP warning public to stay away from unfolding domestic dispute

The public is being asked to avoid Sabiston Creek Road off of the highway

Owl found dead after eating rat poison leaves B.C. woman concerned

After finding the owl on her Surrey property, Christine Trozzo says the poison is a concern for kids

Change to CPP death benefit panned as insufficient to cover funeral costs

Funeral Services Association of Canada lobbied governments to raise the value to $3,580

#MeToo at work: Employers play a role in fixing culture of sexual harassment

B.C. workplaces are getting ahead of being the next MeToo debacle, calling on experts to train staff

B.C. woman brain injured in crash as a baby gets $1.1 million in damages

Trial heard the woman was 16 months old, being carried by her mother when they were both hit

Lind nets three in Rockets win; Dube and Foote named to Canada’s roster

Kole Lind returns from national junior camp to lead Rockets to victory in P.A.

Interior Health holding immunization clinic in Vernon Saturday

IH issues list of Okanagan meningococcal immunization clinics

Most Read