News Summary

• Wayfair fined £4.8m for misleading customers with time-limited offers.
• Appliances Direct fined £1.2m for the same practice, the Competition Markets Authority said.
• Gold's Gym fined £45,000 for not telling customers the total price of its memberships.
• Both firms have been ordered to refund customers a total of £440,000.
• Wayfair said the penalty was "excessive" but that "we take the CMA's findings seriously and we chose to settle so we can continue to focus on serving our customers"