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Target profit falls 16% as breach takes toll

Posted on May 22, 2014 by Dissent

Associated Press reports:

Target cut its annual profit outlook Wednesday and said its first-quarter earnings fell 16 percent as it took another hit from a massive customer data breach and a troubled expansion in Canada.

The third-largest U.S. retailer, based in Minneapolis, also issued a second-quarter projection that was below analysts’ expectations.

Read more on Telegram.com


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