Target Corporation (TGT) Offering Refunds After Selling Fake Egyptian Cotton Sheets

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Target Corporation (NYSE:TGT) has announced that it is offering refunds to customers that purchased fake Egyptian cotton sheets sold by it.

Target, Refunds, Egyptian Cotton, Welspun, TGTTarget said that the fake Egyptian cotton sheets were sold by it under the Fieldcrest label between August 2014 and July 2016. Not all of the sheets that were sold during this time were fakes, but some are.

The retailer says that Welspun Global Brands, one of its producers, sold fake sheets to it. The company has several different producers for the Fieldcrest label and this was the only one selling fake sheets. This was revealed to the company following an investigation into the producer.

Target has already started contacting REDcard and Target.com customers that purchased the fake Egyptian cotton sheets during the above-mentioned times. It also notes that it is in the process of terminating its relationship with Welspun Global Brands due to the issue.

“This was a clear violation of both Target’s Code of Conduct and our Standards of Vendor Engagement, and was contrary to the high ethical standards to which we hold ourselves, and our vendors,” Target said in a statement concerning the fake Egyptian cotton sheets.

Target customers that bought the Egyptian Cotton 500-thread count sheets from the retailer that were part of the Fieldcrest label can fill out a web form for a full refund. It can be found at this link.

TGT also made sure to mention that the fake Egyptian cotton sheets sold between August 2014 and July 2016 pose no danger to customers and that they can continue to use them.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/08/target-refunds-egyptian-cotton-welspun-tgt/.

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