It is starting to sound like a broken record, but today we get news of more recalls of toys made in China. Today's annoucement involves around a little more than 600,000 items of children's toys and jewelry.The culprit of today's recall is once again excessive amounts of lead paint in the products. About one-third of today's announced recalls by the Consumer Product Safety Commission involve the popular Thomas & Friends toy line.
Earlier this summer, RC2 (NASDAQ: RCRC), maker of the toy product line had a recall of around 1.5 million items, and today's recall involves another 200,000 more of the popular toys.
It definitely seems like there are going to be more recalls coming as more intense scrutiny gets applied to Chinese imports. With the upcoming Christmas shopping season parents are definitely going to be cautious of what they buy, and rightfully so. For a complete list of products recalled in today's recall and in past months recalls, you can find a comprehensive list on the U.S. Consumer Product Safety Commission's website.
Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer
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Reader Comments (Page 1 of 1)
9-27-2007 @ 12:42PM
macuser25 said...
This is a shocking # of recalls. When is it going to end? I fear that this is just teh tip of the iceberg as we get into the holiday season there’s going to be alot more.
I get auotmatic email alerts when there’s a new recall from www.leadtoyrecalls.com
9-27-2007 @ 1:16PM
monkmnk said...
I have always been a fan of china as a country they have come a long way, but this many recalls
causes grave concerns within their toy construction
industry or is our buisness kingpins in the toy industry not taking their share of the blame?