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Stock impact report

Buyer beware: Dangerous products can linger on store shelves despite a recall [CNN]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: CNN
$13 million for selling more than 1,200 units of recalled products — “including hundreds of recalled infant sleepers “known to be deadly,” according to a statement issued by then-CPSC commissioner Peter Feldman. In a statement, a company spokesperson told CNN: “At TJX, product safety is very important to us and we prohibit the sale of recalled items in our stores. We deeply regret that in some instances between 2014 and 2019, recalled products were not properly removed from our sales floors despite the recall processes that we had in place. We have made a significant investment in people, processes, and technology to strengthen our processes, and have cooperated fully with the Consumer Product Safety Commission.” Still the case illustrates how products may be available for sale long after a recall. “This is a problem that is not unfamiliar to CPSC,” Feldman, who is now the commission's acting chairman, said in an interview last week. “You know, when CPSC recalls a product, it b Show less Read more
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