US Target lowers forecast

  Target has lowered its second quarter forecast citing the promotional discounts it had to use to attract shoppers. The Minneapolis-based retailer also said on Tuesday it expects gross expenses tied to a massive data breach this past winter to come to $US148 million ($A160 million) in the period, which will be offset by $US38 million in insurance. It also paid $US1 billion to retire $US725 million in debt. Target Corp has been reeling since it announced in December that hackers stole milli

This content is for IR Pro subscribers only.

Subscribe now to unlock an all-access pass.

IR Pro - monthly

$5 +GST for the first 30 days. (Auto renews at $28+GST per month.)
  • Unlimited news access
  • Exclusive members only masterclasses (live and on-demand)
  • Weekly careers advice
  • Weekly and quarterly digital magazines delivered to your inbox
Subscribe now
MOST POPULAR

IR Pro - annual

$312 +GST per year. (Auto renews annually.)
  • Unlimited news access
  • Exclusive members only masterclasses (live and on-demand)
  • Weekly careers advice
  • Weekly and quarterly digital magazines delivered to your inbox
Subscribe now