DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Amazon Lifts Restriction On Sellers Criticised As Anti-Competitive: Source

By Dayeeta Das
Share this article
Amazon Lifts Restriction On Sellers Criticised As Anti-Competitive: Source

Amazon.com has decided to stop telling third-party sellers on its platform that they cannot offer lower prices on competing websites, a source said on Monday.

The source gave no details on the decision.

The decision comes in the wake of a letter from Senator Richard Blumenthal arguing that the practice would "stifle market competition and artificially inflate prices."

The 19 December letter was sent to Federal Trade Commission Chairman Joseph Simons and Assistant Attorney General Makan Delrahim.

Blumenthal said Amazon had enforced its policy in the past by threatening to remove merchants who violated the contract clause.

ADVERTISEMENT

Antitrust Concerns

He argued the policy raised antitrust concerns and should be investigated by US regulators.

Germany's antitrust authority launched an investigation into whether Amazon is exploiting its market dominance in its relations with third-party retailers in November.

Germany is Amazon's second-biggest market.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.