Kohl’s, Walmart to pay $5.5 million over bamboo product allegations -Breaking
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© Reuters. The Kohl’s label is seen on a shopping basket in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermidWASHINGTON, (Reuters) – Kohl’s Corp (NYSE 🙂 and Walmart Inc (NYSE 🙂 have reached an agreement to pay a $5.5 million combined penalty for deceptively marketing bamboo products that contained other materials. The U.S. Department of Justice announced this on Thursday.
Kohl’s and Walmart will each pay $2.5 Million and $3,000,000 respectively after U.S. authorities said they claimed that the products advertised as being made of bamboo, but in reality were rayon. This was according to a statement by the Federal Trade Commission and the Department of Commerce.
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