August 11, 2016
Posted August 15, 2016
UK-based e-commerce retailer Trod Ltd. (doing business as Buy 4 Less) pleaded guilty to fixing the prices of certain posters sold online through Amazon Marketplace. Specifically, the company admitted to agreeing with competitors to adopt pricing algorithms for the sale of certain posters sold on Amazon with the goal of offering online shoppers the same price for the same product and coordinating changes to their respective prices. The prosecution is part of the government’s ongoing antitrust investigation into price fixing in the online wall décor industry. DOJ