On August 26, 2021, the FTC hosted the first of two scheduled Merchant’s Seminars for the 2021/2022 Financial Year, where Ms. Michelle Phillips, Legal Officer, presented on the topic “Is the Pricing Right?” The FTC Merchant’s Seminar aimed to educate merchants on pricing practices and disclosure of information that may contravene sections of the Fair Competition Act. Ms. Phillips focused on five areas: (i) Resale price maintenance; (ii) Price fixing; (iii) Double ticketing; (iv) Sale at a bargain price; and (v) Sale above advertised price.
The seminar was attended by merchants including representatives from pharmacies, book stores, appliances outlets and supermarkets.