FORZANI GROUP TO PAY $1.7 MILLION PENALTY
By Adnews Staff
Calgary-based retailer Forzani Group has agreed to pay a $1.7 million penalty for misleading its customers, the Competition Bureau announced yesterday. The penalty is part of a consent agreement registered with the Competition Tribunal yesterday. An investigation by the Competition Bureau found Forzani had inflated the "regular" prices of certain products and as a result overstated the savings to consumers in the "sale" prices at Sport Chek and Sport Mart stores. Forzani must also pay the costs of the Competition Bureau's inquiry, must stop making reference to inflated regular prices in its ads, and must publish corrective notices in newspapers, in its flyers, on its Web sites and in its retail stores. Forzani must also establish and implement a corporate compliance program.