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CMA fines Wayfair and others £6 million for misleading sales

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Story summary
  • The Competition and Markets Authority fined Wayfair, Appliances Direct and Gold's Gym £6 million for misleading sales tactics.
  • Wayfair received a £4.8 million penalty for false time-limited offers and called the fine excessive.
  • Appliances Direct was fined £1.2 million and must refund about £432,000 (~£25 each) to customers.
  • Gold's Gym paid £45,000 and must repay £9,220 to 726 members, £10-£50 each.
  • All firms admitted violations and received a 40% fine reduction for early settlement.