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

UPDATE: Missing senior couple found

A senior couple from the Lower Mainland have been reported missing

Clearwater RCMP weekly police report

Clearwater RCMP responded to 41 calls for service over this past week

Editor, The Times:

Proportional Representation could save our democracy

Editor, The Times:

Proportional Representation Debate?

Six students arrested, charged in sex assault probe at Toronto all-boys school

The school’s principal, Greg Reeves, described the video of the alleged sexual assault as ‘horrific’

Shots fired near Chicago hospital, multiple victims: police

Police say at least one possible offender has been shot

B.C. to allow ride hailing services to operate in 2019

Fee will be applied to fund options for disabled people

Chocolate lab missing along Coquihalla

Brad Gibson is asking for help locating his missing dog.

B.C. connection to launch of new $10 bill

Great nephew of Viola Desmond says bill is a ‘step in the right direction’

Elections BC keeps eye on Canada Post dispute, but no change in Nov. 30 deadline

Vote No spokesman say an extension of one or two weeks would ensure all ballots are counted

Langley school pulls Japanese ‘rising sun’ flag after student petition

School district promises consultation with students and parents, defends using flag for war history

Calgary bobsled death inquiry recommends infrared technology, safety audits

A judge found the deaths of 17-year-old twins Evan and Jordan Caldwell were accidental and caused by blunt-force head and neck trauma

Most Read