Target Is Latest Retailer to Pull Hoverboards

Target (NYSE:TGT) is the latest retailer to pull hoverboards off its shelves.

targetThe company has joined Overstock (NASDAQ:OSTK) and Amazon (NASDAQ:AMZN) in removing the futuristic skateboard from its stores over safety concerns.

Target’s decision is temporary and it stems from a number of incidents related to hoverboards, including the device’s potential to catch fire.

The device in question is the Swagway X1 hoverboard, which is no longer on the Target website. Swagway has not commented on the matter.

The retailer said it will re-list the scooters Tuesday granted that Swagway provides documentation proving they complied with battery and charger safety standards.

TGT stock is up 0.34% Tuesday. OSTK stock is up 5.98% and AMZN stock is up 0.11%.

 

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Article printed from InvestorPlace Media, https://investorplace.com/2015/12/target-hoverboards-tgt-stock-amzn/.

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