Toys 'R' Us Pays $1.3 Million Fine to FTC: Broke Price-Fixing Agreement

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toys r us

Toys "R" Us, Inc. agreed to pay a $1.3 million penalty to settle Federal Trade Commission allegations it violated a 13-year-old order banning it from manipulating the U.S. toy market to maintain artificially high prices and restrict competition.

The 1998 order bans the nationwide toy retailer from pressuring suppliers to limit the supply of toys or from doing business with cut-rate competitors. The order also bars Toys "R" Us from asking suppliers about their sales to toy discounters, and requires the company to preserve records of communications with suppliers related to their sales and distribution.