– Walmart and Kohl’s agreed to pay a collective $5.5 million in penalties as part of a settlement related to accusations of deceptive advertising from the companies.Thursday that Walmart Inc. and Kohl’s Inc. paid $3 million and $2.5 million in civil penalties respectively in the settlement.
In filed complaints, the government alleged that Walmart and Kohl’s advertised products as made of bamboo when they were actually made of rayon and did not contain any bamboo fibers.
That's a drop in the bucket considering what they rake in nationwide daily.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: