Contact Us: 0207 017 8880

Retailers received a stark warning yesterday (Thursday March 26) that the Competition and Markets Authority “will not tolerate” attempts to exploit the current crisis.

Unjustifiable price increases were highlighted as an example of unacceptable behaviour and the CMA made it clear that it would use its range of power to tackle what it described as “bad behaviour”.

The CMA’s position was laid out in a letter to Greg Deacon, chief operating officer of the Federation of Independent Retailers (NFRN).

Commenting, Mr Deacon said: “It is recognised that there is likely to be some increase in prices due to the current national emergency, but it is entirely right that the CMA targets anyone in the supply chain who seeks to exploit the situation, and their customers, with large and unjustifiable price increases.”

He continued: “Those who attempt to exploit the current situation damage all of our businesses and tarnish the reputation of independent retailers everywhere.”

Related Articles

Related Articles

With just weeks to go until doors open to National Convenience Show, part of the UK Food & Drink Shows (29th April – 1st May), those planning a visit are being urged to register for their free badge here ahead...
Read More

Fed welcomes government’s new retail crime crackdown with separate offence for assaulting shopworkers

Independent retailers have welcomed today’s (Wednesday’s) announcement from Prime Minister Rishi Sunak that assaulting a shopworker is to be made a separate offence. Muntazir Dipoti, the National President of the Federation of Independent Retailers (the Fed), said: “We have been...
Read More

Tenby store uses AI technology to improve employee wellbeing and to deter crimes

New AI theft detection software that Tenby store owners Vince and Fiona Malone introduced in September 2023 has improved staff efficiency and increased staff safety and well-being as well as reducing theft, the delighted couple have revealed. The solution is...
Read More