Tuesday, 22 February 2011
Comments re China fines Carrefour, Wal-Mart a combined $1.5 million - The Economic Times
China fines Carrefour, Wal-Mart a combined $1.5 million - The Economic Times
a few pieces of this news recyled, since last one, particularly key info:
"Authorities in cities including Shanghai, Chongqing, and Kunming discovered incidents at local Wal-Mart and Carrefour outlets that included labeling on products with prices that didn’t match what shoppers were charged at payment, exaggeration of discounts and labeling that led to confusion about how much a product cost. The stores may be fined five times the revenue they earned using such methods, the National Development and Reform Commission said today on its website."
from bloomberg: http://www.bloomberg.com/news/2011-01-26/carrefour-wal-mart-china-to-be-fined-for-misleading-pricing.html
This is another example of 'same rules' or 'same wools' cannot be put over different market's eyes...
Be warn, some 'market best practices' might be seen as what it really is when it arrives in China.