Wal-Mart Recalls About 1.2 Million Water Kettles After Reports Of Burns

By Markets MarketWatch Pulse

Wal-Mart Stores Inc. said Tuesday it was recalling about 1.2 million Rival brand electric water kettles made in China after receiving 80 reports of incidents, including seven reports of burns. The recall involves kettles with model numbers WK8283CU and WK8283CUY, that were sold exclusively at Walmart stores between March 2011 and October 2015, for about $14. "The heating element can fail and rupture, posing burn and shock hazards to the user," Wal-Mart said in a statement. "Consumers should immediately stop using the recalled kettle and return it to any Walmart store for a full refund." The stock, which shed 0.7% in afternoon trade, has climbed 9.5% year to date, while SPDR S&P Retail ETF has gained 2.2% and the Dow Jones Industrial Average has tacked on 2.1%.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.