Wednesday, February 26, 2014

Target Misses on 4th Quarter Sales

News today is in for Target's 4th Quarter sales and it appears the data breach is doing damage.

This piece my Multichannel Merchant has some details:

http://multichannelmerchant.com/news/data-breach-affects-targets-4q-u-s-sales-26022014/

Here is a snippet from that piece:

What did the major data breach at Target mean for the merchant’s bottom line? It meant fewer consumers shopping at the mass merchant, as well as a $17 million net expense related to the data breach investigation.

Target announced this morning that sales for its U.S. segment in the fourth-quarter decreased 6.6% to $20.9 billion from $22.4 billion the prior year.

Happy Reading,

J.W. Gant

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