Business · Companies · 52 mins ago

Wayfair and two other firms fined over misleading sales practices

Wayfair and two other firms fined over misleading sales practices

The UK’s Competition and Markets Authority fined Wayfair £4.8m for misleading time-limited offers.

Electronics retailer Appliances Direct was fined £1.2m for the same type of sales tactic.

Gold's Gym was fined £48,000 for not telling customers the full cost of memberships.

The three fines total more than £6m.

Appliances Direct and Gold's Gym must refund customers £440,000 in total.

The watchdog’s action matters because customers should be given clear information about offers and prices.

The companies had been contacted for comment, and no response was included.

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What people are saying

Hayley FletcherCMA senior director for consumer protection
Whether buying a new sofa, a washing machine, or joining a gym, people should see genuine, accurate prices and offers – and decide for themselves whether they want optional extras.
via Independent
At a time when many households are carefully managing their budgets, people shouldn’t lose out because of misleading sales tactics.
via Independent
The time is up for this kind of behaviour.
via Independent