Subscribe Register Login

Wednesday, July 30, 2014, 6:38 a.m.
Top Picks - Arkansas Daily Deal

Data-breach costs take toll on Target profit

By The Associated Press

This article was published February 26, 2014 at 11:06 a.m.

NEW YORK — Target Corp. will be feeling the financial pain for a while from the theft of credit card numbers and other information from millions of its customers.

The retailer said Wednesday that its fourth-quarter profit slumped 46 percent. It also reported that revenue slipped 5.3 percent as the breach scared off customers.

During the Christmas shopping season, personal data from millions of Target customers was stolen by hackers who targeted credit card terminals in its stores. The incident has scared shoppers away, and the company says its profits will be affected well into 2014.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Data-breach costs take toll on Target profit

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 JOBS

  • Dishwasher, backup

    dishwasherlocal retirement center seeking dependable person,...
    LITTLE ROCK, AR

  • Locksmith needed

    Locksmith NeededExperience preferred but will train. Good pa...
    NORTH LITTLE ROCK, AR

  • Parts room attendant

    earn egg-cellent pay openings Along with an excellent compen...
    SILOAM SPRINGS, AR

  • Laundry aide

    Saturday & Sunday 6a-2:30p. Commercial laundry experience a ...
    NORTH LITTLE ROCK, AR

  • Prn cnas

    Greystone Nursing and Rehab 121 Spring Valley Road, Cabot AR...
    Cabot, AR

Search 951 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online