© Reuters. The Kohl’s label is seen on a shopping basket in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid
WASHINGTON (Reuters) – Kohl’s Corp (NYSE:) and Walmart (NYSE:) Inc have agreed to pay a combined $5.5 million penalty to settle allegations they deceptively marketed products made of bamboo that instead contained other materials, the U.S. Department of Justice said on Thursday.
Kohl’s will pay $2.5 million and Walmart will pay $3 million after the U.S. authorities alleged they advertised “products as made of bamboo when such products were actually made of rayon and did not contain bamboo fibers,” a statement released by the department and the Federal Trade Commission said.
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