Four Armenian companies severely reprimanded for non-existing discounts

Four Armenian companies severely reprimanded for non-existing discounts

YEREVAN, July 10. /ARKA/. Armenia’s antitrust commission has warned a number of companies of non-existing discounts, the press office of the commission reported on Wednesday.

The antitrust commission is currently looking into activities of companies engaged in clothing trade and into their discounts policies in particular.

The monitoring revealed several companies that attempted to mislead customers through false discounts, says the commission’s report.

In particular, violations were recorded at ‘AVB Group’ and ‘Santekhnika 96’ who announced selling of cloths and sanitary equipment in their shops at largely discounted prices or prime-cost.

Yet, says the report, the commission found out that the companies were not selling goods at prime cost and discounts were provided for a limited range of clothing.

These are cases of unfair competition, as defined in the legislation, when customers are not provided with full and true information about products, according to the report.

The commission decided to limit its sanctions to a severe reprimand as these are small and medium-sized businesses with small turnover and the negative effect of the violation on the market was little.

The antitrust commission will continue its monitoring, bearing in mind numerous discounts in summer time, and will maintain stricter control over discounting policies in the shops, says the report. –0--

12:56 10.07.2014

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