BUSINESS

Sears Canada's Liquidation Sale Prices The Target Of Competition Bureau Probe

The retailer allegedly hiked prices on some items before the court-sanctioned sale.

11/23/2017 10:03 EST | Updated 11/23/2017 15:51 EST
Mark Blinch / Reuters
A woman tries on shoes at a Sears store in Oakville, Ontario, Canada, October 6, 2017.

TORONTO — 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.

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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.