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Target to Refund Over $90 Million for Selling Fake Sheets

monster1991 profile picture
August 23, 2016 · 366k Views
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Just announced recently, Target is in the process of terminating their partnership with one of their long term beddings vendor, Welspun. Welspun produced Egyptian Cotton 500-thread count sheets under the brand label Fieldcrest and Crowning Touch for Target but after a long investigation, Target discovered that Welspun sold sheets labeled Egyptian cotton using non-Egyptian cotton alternatives between August 2014  to July 2016. Each sheet set sold for as much as $175.

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Fieldcrest Egyptian Cotton

Source: Terapeak

Target and Fieldcrest brand had no prior knowledge of the violation and the company has moved to pull all Welspun inventory from shelves both at Target and Target.com. Since last Friday August 19, Target has been reaching out to all Target REDcard members and Target.com shoppers to see who purchased the sheets between August 2014 to July 2016 and will be offering a full refund on these purchases.

According to Bloomberg, sales amassed from Welspun through Target amounted to an $90 million in the fiscal year that ended in March. Since the news broke, Welspun shares has dropped by 20%, which is the lowest the company has seen in nearly a decade. 

If you’ve bought a Fieldcrest sheet mislabeled as Egyptian cotton between August 2014 to July 2016 and have not heard from Target, simply fill out your information via this Target web form. (Once you’re on the page, just click on the drop down and find the “Egyptian Cotton Sheets” form at the bottom of the list).

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monster1991 profile picture
I wanna be the very best like no one ever was. Couponing is my real test, to cut them is my cause. I will travel across the land, searching far and wide. Each store to understand, the discounts that's inside.
eclipse01Sep 02, 2016
what about Fieldcrest Egyptian Cotton 600 TC?
Nikkilinn6Aug 30, 2016
So if you didn't use a target card or order online you're pretty much screwed.
kjab2179Aug 31, 2016
no the article provided a link to the form anyone that purchased them needs to fill out.....
tian_zSep 02, 2016
thx
ellisAug 24, 2016
You can find some sheet set deals:
https://www.dealsplus.com/search?keyword=sheet+set

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