Macy's, Sears, Amazon, Max Studio Fined for 'Bamboozling' Customers

Four national retailers have agreed to pay $1.26 million in penalties for falsely labeling clothing and textiles as made of bamboo, when they were actually made of rayon, a synthetic material. The Federal Trade Commission announced this week that Amazon.com, Leon Max, Inc., Macy's, and Sears, Roebuck and Co. ignored warning letters the commission sent to companies in early 2010. Accordingly, the four companies agreed to pay penalties totaling $1.26 million to settle charges that they violated...Full Story