- Target (TGT) discloses that "certain guest information" was taken during its security breach month that is separate from previously disclosed payment card information. Personal customer information including e-mail addresses, phone numbers, and street addresses for some accounts are part of the data that hackers accessed.
- CEO Greg Steinhafel says guests will have "zero" liability for any fraud charges, but the issue is bound to cause some anxiety for cardholders.
- The company also lowered its estimate for Q4 EPS to $1.20-$1.30 from previous guidance of $1.50-$1.60 on a revised forecast for comp sales of -2.5%. News of the data breach had a noticeable impact on store traffic and sales, according to Target.
- In addition, Target says it has identified 8 stores it plans to close due to weak financial performance. (PR)
- TGT -1.8% premarket
Target headaches: Data breach widens, guidance slashed
Jan 10 2014, 08:15 ET