Target (NYSE: TGT) and the U.S. Consumer Product Safety Commission have announced a recall of the popular Cars movie-themed backpacks which contain magnets that could become dislodged. Any small pieces that can easily be taken off any consumer product are a choking hazard to small children.Again and again, Chinese manufacturers and U.S. vendors can't seem to design products made for children that won't end up with parts that can come off and be swallowed by kids. We're cracking into the human genome in another field, but hey, forget backpack design, right? My goodness, must be a toughie.
110,000 Chinese-made Cars backpacks are being recalled after magnets fell out of a piece of the plastic enclosure attached to the backpacks in three separate instances, although no subsequent injuries were reported. The backpacks in question were sold at Target stores nationwide from February through September of this year for $13 each.
So, this may not be a lead-paint recall issue from Chinese-sourced products, but that does not diminish the fact that it's still just as important. With China now making 80% of the world's toys, the parade of recalls is sure to continue. Stay tuned to BloggingStocks for more coverage of product recalls from the retail industry as they happen, because they will.
Reader Comments (Page 1 of 1)
10-25-2007 @ 1:08PM
Gr33ngurl said...
Hope this is just a blip on the map for Target, as they seem like the kind of company that just treats people better (employees, suppliers, etc.). Plus, they have great freakin commercials... the music, the red/white thing, the repetition of their TM, etc.
Anyway... compared to the Wal-mart messes and its issues with China as of late, Target's recall seems minor. Growth numbers and Wall Street valuations certainly reflect this as well.
"Since Lee Scott took over as Wal-Mart CEO in January 2000, the stock [is down] 5 percent versus a 104 percent gain in Target."
More here: http://money.cnn.com/2007/10/23/news/companies/walmart/?postversion=2007102316