Tag Archives: data breach

Target Data-Breach Expenses Expected to Total $148 Million in Q2

Target

MINNEAPOLIS-In a preliminary statement about its second-quarter financial results, Target said it expects those results to include gross expenses of $148 million related to the December 2013 breach of data about shoppers’ payment cards and other information. These costs will be partially offset by a $38 million insurance receivable, also related to the data breach,More »

Last updated: August 5, 2014

Target Q4 Comps Projected to Decline; Provides Update on Data Breach

Target

MINNEAPOLIS-Target said it now expects fourth-quarter same-store sales to fall 2.5 percent, and added that it is continuing its investigation of the data breach of customer payment information. The retailer said its comparable-store estimate is based on what proved to be stronger-than-expected fourth-quarter sales prior to its announcement of the data breach on Dec. 19,More »

Last updated: January 10, 2014