27 Jan '11, 5am

Carrefour apologizes for deceptive pricing in China: BEIJING: French retailer Carrefour has apologised after 11

BEIJING: French retailer Carrefour has apologised after 11 of its stores in China were caught overcharging customers for products such as cotton underwear and tea leaves, state media said on Thursday. Carrefour "sincerely apologises" and offered to refund customers five times the difference between the price charged and that on the label, the China Daily said, citing a statement from the company. Officials at Carrefour did not respond to repeated AFP requests for a reaction. A nationwide investigation also busted three Wal-Mart stores for deceiving customers over the price of goods but the US retail giant made no admissions of guilt in a statement sent to AFP on Thursday. Wal-Mart said it would continue to "conduct thorough investigations of cases relating to pricing issues" and during the upcoming Lunar New Year holiday would further strengthen "the supervision of commodi...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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China wants to fine French retail giant Carrefo...

straitstimes.com 30 Jan '11, 11am

SHANGHAI - CHINA price regulators are seeking to fine French retail giant Carrefour 2.5 million yuan (S$488,070) - the max...