Investing.com -- Target Corporation (NYSE:TGT) announced on Tuesday that it is recalling certain Hannukah menorahs, which have shown evidence of melting when its candles are burning, posing an excessive risk of a fire hazard.
The recall involves clear acrylic Hanukah menorahs in a pyramid design that are 10.5 inches long, 1.2 inches wide and 2.3 inches high. The menorahs were sold for a two-month period between October and December, 2015 for a cost of $20. Target is advising customers to return the recalled menorahs for a full refund, the U.S. Consumer Product Safety Commission (CPSC) said in a statement. Although Target received eight reports of the product melting, including three reports of fire, none of the incidents resulted in property damage or injuries. The menorahs in question contain the model number 240-14-0169 and a bar code can be found on a round white label on the side of the product, the CPSC said.
There have been several instances of product recalls of candle holders in the U.S. over the last decade due to their potential for creating a hazardous situation. In July, 2011, Dollar Tree Inc (NASDAQ:DLTR) recalled glass votive candle holders after discovering that they could shatter while in use, posing a fire hazard to consumers. Two years later, Cracker Barrel recalled a votive candle holder used in backyard barbecues, after reports surfaced that a decorative arm supporting the holder could break easily posing an increased risk of a fire.
In 2014, there were nearly 1.3 million fires reported in the U.S., contributing to 3,275 deaths and $11.6 billion in property damage, according to the National Fire Protection Agency (NFPA). When lighting candles at a candle lighting service, the NFPA recommends that a person holding an unlit candle dip the base into the flame of the lit candle to help add sturdiness.
The recall came one day before Target releases the results of its first quarter earnings on a conference call Wednesday morning. Analysts expect to Earnings Per Share of 1.18 to 1.22 with quarterly revenue of $16.3 billion.
Target shares inched up 0.11 or 0.15% to 73.70 in after-hours trading.