Bed Bath & Beyond, Others Settle US False Labeling Charges

Four U.S. retailers agreed to pay $1.3 million of fines to settle U.S. civil charges that they deceived consumers by falsely labeling and advertising textile products as containing bamboo, when they were actually made from rayon. Bed Bath & Beyond will pay $500,000, Nordstrom will pay $360,000, J.C. Penney will pay $290,000 and outdoor gear maker Backcountry.com will pay $150,000 to settle, the Federal Trade Commission said on Wednesday. None of the retailers admitted wrongdoing.