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Amazon ‘strong-armed' Levi's, Hanes to hike prices on rival sites, California DA says [CNBC]
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The documents detail internal communications between Amazon and major vendors, where it allegedly coerced them into convincing rival retailers like Walmart, Target and Home Depot to raise prices. The FTC's 2023 landmark antitrust lawsuit also takes aim at Amazon's pricing practices. In this article Amazon pressured major brands like Levi Strauss & Co and Hanes to inflate prices of listings on rival online marketplaces as part of wide-ranging price-fixing scheme, according to California Attorney General Rob Bonta The newly unsealed documents released on Monday are part of a 2022 antitrust lawsuit alleging Amazon stifled competition and increased the prices that consumers pay across the internet. The complaint zeroes in on Amazon's agreements with its millions of vendors, which Bonta says “keep prices artificially high” on competing platforms. Vendors are compelled to agree to Amazon's demands because of its dominant position in online retail, Bonta argued. Amazon has previ
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