'Supermarkets Dupe Public With Discount Offers'

"); jQuery("#212 h3").html("

"); });
2019-09-16 HKT 13:49
The Consumer Council has accused major supermarkets of misleading shoppers into believing items are discounted by showing two different prices for products.
The council checked the prices of 42 popular items such as rice, instant noodles and milk at 16 branches of four major supermarkets, namely ParknShop, Wellcome, Market Place by Jasons and Aeon.
Typically, the council said, a higher price would be crossed out on the price tags, but in most cases the product had not been sold at that price in the previous 30 days.
The council said Wellcome and its Market Place by Jasons unit were the biggest offenders, using this technique in 90 percent of cases.
Council spokesman Clement Chan said retailers are denying the public their right to accurate information, and may have breached the Trade Descriptions Ordinance.
“They need to provide a clear message on what are the basis of those two prices and if they didn’t say anything, people would reasonably expect that the strike-through price was the normal retail price of the product”, Chan said.
The council found that another major supermarket chain, ParknShop, also adopted the same technique for around half of its items.
The consumer watchdog had carried out a similar study five years ago and has found that the situation has not improved since.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more