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Target cuts annual profit outlook

By The Associated Press

This article was published August 20, 2014 at 11:00 a.m.

NEW YORK — Target Corp. slashed its annual profit outlook as the discounter continues to reel from costs related to a huge data breach, a botched expansion in Canada and sluggish sales in the U.S.

The nation's third-largest retailer also said Wednesday that its second-quarter earnings dropped 61.7 percent. Excluding expenses related to the data breach, the results were a penny short of Target's reduced estimate issued earlier this month.

Read Thursday’s Arkansas Democrat-Gazette for full details.

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