November 22, 2014
Supermarkets fined with $6M over price watch program breach
Coto and Carrefour have been fined with $6 million as the Domestic Trade Secretary considered both supermarket chains have failed to comply with the government-sponsored Precios Cuidados price watch program that sets reduced prices for more than 150 products.
According to a ranking released by the office run by Secretary Augusto Costa, Coto reached only an observance of 88 percent while Carrefour made it only with 77 percent. Furthermore, consumers denounced the stores for selling expired food, charging more for products when consumers reach cash registers and offering less meat cuts with promotional prices.
The French supermarket chain was sanctioned with $3,624,578 million while Argentina’s Coto got a fine of $2,203,043 million.
The DEUCO consumers association said both stores have been receiving complaints the most with buyers warning about shortage in products advertised in the Precios Cuidados program.
Meanwhile, head of the ADUCC group Osvaldo Bassano advised consumers to remain alert and watch on changing-prices “maneuvers” as he accused both stores of modifying prices of products from displays racks to cash registers.