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Stock impact report

Amazon made Levi's, other brands hike prices on rival sites: California AG [Yahoo! Finance]

Levi Strauss & Co Class A (LEVI) 
Last levi strauss & co class a earnings: 4/7 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The filing, submitted in San Francisco Superior Court in support of a preliminary injunction, includes internal communications in which Amazon directed vendors to "fix," "correct," "increase," or "raise" prices on other retailers' websites. Vendors who did not comply faced penalties, including advertising restrictions, financial compensation demands, or removal of their products from Amazon, according to the filing. Among the specific examples: Amazon contacted Levi Strauss to pressure Walmart into raising the price of Easy Khaki Classic pants from $25.47 to $29.99, according to GV Wire . A Levi Strauss employee subsequently emailed Amazon, "I'm really hoping we can show this as a proof case so we can resolve issues going forward," according to The Los Angeles Times . The filing also describes Amazon pressing Home Depot to raise fertilizer prices, pushing AbbVie subsidiary Allergan to get Walmart to charge $16.99 for eye drops rather than $13.59, and working to end a price match wi Show less Read more
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