"Amazon contacted Levi Strauss about two 'styles of concern,' asking the San Francisco apparel company to convince Walmart to raise its price. Not only did Walmart raise its price, but a Levi Strauss employee emailed Amazon that, 'I'm really hoping we can show this as a proof case so we can resolve issues going forward.'"
"Bonta's office argues that Amazon, which is the largest online retailer in the U.S. and recorded $717 billion in global sales last year, is leveraging its market power to inflate retail prices on its and competing sites."
"'The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires - beyond what is fair,' said Bonta, in a news release Monday that called the evidence it brought forward 'as clear as day.'"
Amazon sought to sell Levi's Easy Khaki Classic pants at a higher price but matched Walmart's lower price. Amazon contacted Levi Strauss to persuade Walmart to increase its price. Evidence suggests Amazon is using its market power to inflate prices, leading to a lawsuit by California Attorney General Rob Bonta. The lawsuit claims Amazon is colluding with vendors and retailers to raise costs unfairly. A preliminary injunction is being sought ahead of a trial scheduled for January.
Read at Los Angeles Times
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