BREAKING NEWS: Target’s 4th Qt Profit Down 46%, Result Of Security Breach

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We do not shop anymore at Target unless we have the cash. How about you? Target Corp.’s massive data breach over the holidays helped push its fourth-quarter profit down 46 percent.

The discount retailer also said Wednesday that sales fell 5.3 percent as the breach scared off customers.

The nation’s second-largest discounter also offered a profit outlook below Wall Street expectations as the costs of the breach that affected millions of credit and debit card customers . More here.target

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