Target recalls 1,300 patio benches because of risk of collapse, injury

Target Corp. issued Monday a nationwide recall of about 1,300 Threshold Aluminum Top/Steel X Base patio benches, citing risk of collapse and potential injury. Target said the benches were made in China and were sold individually and as part of a six-piece dining set, from January 2016 through July 2016, for $150 for the benches or $1,000 for the dining sets. The retailer said it received six reports of the benches collapsing, and one report of a knee injury. The stock slipped 0.3% in midday trade. It has lost 9.0% over the past three months, while shares of rival Wal-Mart Stores Inc. have slipped 4.6% and the S&P 500 has gained 7.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply