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Report on Business Hudson’s Bay to pay $4.5-million to settle with competition watchdog

Hudson’s Bay Co. will pay $4.5-million to settle a case related to the departmental store chain’s advertising and pricing practices for its sleep sets, the Competition Bureau said on Wednesday.

As part of a consent agreement registered with the Competition Tribunal, Hudson’s Bay will also ensure that the marketing of all sleep sets complies with provisions of the Competition Act, it said in a statement.

The bureau had taken legal action against the retailer in 2017 to end what it considered to be “deceptive marketing practices.”

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Hudson’s Bay offered sleep sets at “inflated regular prices” and then advertised deep discounts on these prices, suggesting significant savings to consumers, the bureau said.

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