Subscribe Register Login

Tuesday, July 07, 2015, 1:56 a.m.
Top Picks - Capture Arkansas

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.

Comments on: Target cuts annual profit outlook

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Top Picks - Capture Arkansas
Arkansas Online