Data-breach costs take toll on Target profit


Updated: Wednesday, February 26 2014, 01:30 PM EST

New York (AP) – Target says the massive data breach over the holidays helped push its profit down 46 percent.

The discount retailer says sales fell 5.3 percent as the breach scared off customers.

Target says it earned $520 million, or 81 cents per share, for the three months that ended Feb. 1. That compares with a profit of $961 million, or $1.47 per share, a year earlier.

Revenue fell to $21.5 billion from $22.7 billion.

Read More at: http://13wham.com//news/features/nation-news/stories/databreach-costs-take-toll-target-profit-520.shtml

Read More at: http://13wham.com//news/features/nation-news/stories/databreach-costs-take-toll-target-profit-520.shtm l

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1 Response to Data-breach costs take toll on Target profit

  1. a12iggymom says:

    Reblogged this on U.S. Constitutional Free Press.

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