The Department of Supplies Management (DoSM) on Wednesday sealed four branded stores in Durbar Marg, Kathmandu, on charges of selling goods at exorbitant prices.

Shops that were sealed are: Labels Store, the seller of Reebok and Levis products, Lions Style Enterprises, the seller of Bossini products, Sulux Centre, seller of Rado watches, and Watch and See, a multi-brand store that sells Fossil watches, and DKNY, Armani and Polaroid sunglasses, among others.

During the inspection, the department found Labels Store selling a t-shirt at Rs2,650—which included a discount of 30 percent-as against the cost price of Rs1,754. The store was also found selling Reebok brand footwear for Rs16,490 as against the cost price of Rs7,615.

Lions Style, on the other hand, was found selling Bossini shirts, under buy-one-get-one free scheme, at prices double the cost price.

The DoSM has directed these shops to submit written clarification within three days. The DoSM also sealed Unique Cold Store in Bhimsengola, Kathmandu, for not abiding by the directives issued by the department.

Earlier on Monday, the DoSM had sealed four shops of branded luxury items in Durbarmarg for marking up prices by as much as 2,300 percent.

 Meanwhile, all retail outlets in Durbarmarg pulled down their shutters to protest the raids conducted by the government.