Target, Walmart, Best Buy partner to fight counterfeiters on online marketplaces

Monday 17 August 2020 12:23 CET | News

Target, Walmart, and Best Buy have initiated a coalition to fight counterfeiters on online marketplaces such as Amazon and eBay.

According to Business Insider, the initiative, called Buy Safe America Coalition, includes retail industry groups with prominent members from companies such as Best Buy, Target, and Walmart, and come to support policies that better regulate sellers on online marketplaces. Therefore, the coalition hopes to decrease the rise of third-party sellers who sell fake goods on ecommerce sites. 

Moreover, the announcement of the group came after a California appeals court ruled that Amazon is legally liable for defective items sold through third-party entities on its platform. The case concerned an Amazon user who sued the company after buying a laptop battery that exploded and caused several burns. 

Consequently, the court disagreed with Amazon's argument that it was not liable because ‘it did not distribute, manufacture, or sell the product’, setting precedent on the responsibility held by online marketplaces and likely prompting crackdowns on third-party sellers.

Overall, the presence of such fraudulent products on online marketplaces, has been heightened during the coronavirus pandemic, as more shoppers seek out goods online. Therefore, through the Buy Safe America Coalition, industry group leaders will raise awareness about counterfeit and stolen goods. The organisation represents several industries, including apparel companies, toymakers, jewellers, and footwear brands, among others. 

Additionally, the coalition also supports the INFORM Consumers Act, a policy that fights for increased transparency around third-party sellers to prevent scamming and endangerment to consumers, Business Insider reported.

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Keywords: Target, Walmart, Best Buy, Coalition, counterfeiters, online marketplaces, Amazon, eBay, Buy Safe America Coalition, retail, third-party sellers, fake goods, fraudulent products, ecommerce, coronavirus, INFORM Consumers Act, scam
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime