Shopping cart
Your cart empty!
More than 100 firms face online pricing crackdown
A crackdown on online pricing has seen investigations opened into eight companies, with a further 100 facing warnings over their conduct.
The competition watchdog said it was formally examining practices at StubHub, viagogo, AA Driving School, BSM Driving School, Gold's Gym, Wayfair, Appliances Direct and Marks Electrical. The Competition and Markets Authority (CMA) said the 100 other companies, which it did not identify, were getting letters outlining concerns about additional fees and sales tactics.
Money latest: Nationwide 'lost my £70k' The action against StubHub and viagogo - part of the same company after a 2021 merger - was revealed as the government reportedly prepares to separately confirm a ban on the resale of tickets for live events above their face value. It is part of a long-threatened crackdown on touts to shield consumers from rip-off prices.
The regulator's separate action falls under the new Digital Markets, Competition and Consumers Act which gives it additional powers to protect consumers - and further investigations are anticipated. The CMA said StubHub and viagogo were under review "regarding the mandatory additional charges applied when consumers buy tickets - and whether or not these fees are included upfront".
The AA Driving School and BSM Driving School were being investigated over their "presentation of mandatory fees on these sites.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
Related to this topic:
AI and Marketing: Unlocking Customer Insights
Feb 22, 2024
