WASHINGTON
(Reuters) - As part of its review of Amazon's agreement to buy Whole Foods, the
Federal Trade Commission is looking into allegations that Amazon
misleads
customers about its pricing discounts, according to a source close to the
probe.
The FTC is
probing a complaint brought by the advocacy group Consumer Watchdog, which
looked at some 1,000 products on Amazon's website in June and found that Amazon
put reference prices, or list prices, on about 46 percent of them.
An analysis
found that in 61 percent of products with reference prices, Amazon's reference
prices were higher than it had sold the same product in the previous 90 days,
Consumer Watchdog said in a letter to the FTC dated July 6.
Following
receipt of the letter, the agency made informal inquiries about the
allegations, according to a source who spoke on background to preserve business
relationships.
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