Best Buy, other retailers accuse Walmart of misleading ads
Best Buy and other retailers have complained to attorneys general in several states, accusing Walmart of misleading advertising in the holiday shopping season, including a discount on Apple's iPhone 5, according to "The Wall Street Journal" (http://tinyurl.com/aar2bxn).
The targeted retailers, including Toys "R" Us and several regional supermarket chains, claim Wal-Mart cites inaccurate prices and compares differing products, such as laptop computers with separate specifications. Wal-Mart defends the ads, begun last year, as accurate.
Best Buy was especially hacked off by a sale in which Walmart sold the 16GB iPhone 5 for $150 -- $50 off its regular price. Best Buy claims it was forced to match Walmart's advertised price, even though the retail giant didn't have enough iPhone 5 inventory to meet demand. Naturally, Wal-Mart denies this.