Macy’s Fined $750,000 for Failing to Report Drawstrings

Macy’s Inc has agreed to pay a $750,000 fine for failing to report for four years that it had sold kids’ clothes with drawstrings at the neck, a strangulation hazard, the U.S. Consumer Product Safety Commission said Monday.

The CPSC said Macy’s had sold those items, including children’s sweatshirts, sweaters and jackets, at its namesake chain, Bloomingdale’s and Robinsons-May between 2006 and 2010.

Even though it agreed to pay the fine, Macy’s denied the CPSC’s allegations that it knowingly broke the law.

(Reporting by Phil Wahba; Editing by Lisa Von Ahn)