Dhanya's Feed
Feb 26, 2014
Feb 26, 2014
Feb 26, 2014

Target shares recover after reassurance on data breach impact

NEW YORK/BOSTON (Reuters) – Target Corp shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores, suggesting that the impact of a massive data breach may not be as severe as some had feared.

The third-largest U.S. retailer said on Wednesday that customer traffic had started to improve this year after falling significantly at the end of the holidays when news of the cyber attack and theft of payment card data spooked shoppers.

Feb 26, 2014

Target warns data breach could hurt future profit

NEW YORK (Reuters) – Target Corp’s net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.

Target incurred $61 million (36 million pounds) in expenses related to the breach during the quarter, but those costs were offset by a $44 million insurance payment, bringing down the impact to $17 million. The retailer said it has not been able to estimate future expenses related to the data breach.

Feb 26, 2014

Target warns cost of data breach could hurt profit in future

NEW YORK (Reuters) – Target Corp’s (TGT.N: Quote, Profile, Research, Stock Buzz) net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.

Target incurred $61 million in expenses related to the breach during the quarter, but those costs were offset by a $44 million insurance payment, bringing down the impact to $17 million. The retailer said it has not been able to estimate future expenses related to the data breach.

Feb 25, 2014
Feb 25, 2014
Feb 25, 2014

Home Depot profit tops estimates on cost cuts

By Dhanya Skariachan

(Reuters) – Home Depot Inc (HD.N: Quote, Profile, Research, Stock Buzz) reported a higher-than-expected quarterly profit on Tuesday as the world’s largest home improvement chain kept a tight lid on costs to offset weak sales.

Net earnings were $1.01 billion, or 73 cents a share, compared with $1.02 billion, or 68 cents a share, a year earlier. Analysts were looking for a profit of 71 cents a share, according to Thomson Reuters I/B/E/S.

Feb 24, 2014
Feb 24, 2014

Data breach costs seen crimping Target’s firepower for buybacks

NEW YORK (Reuters) – Several analysts expect Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) to slash its share buybacks as the third-largest U.S. retailer copes with costs tied to the massive data breach that affected millions of customers.

Target had originally planned to buy back up to $4 billion of shares this year, but analysts do not expect it to achieve that goal as it sets aside money to deal with the data breach and try not to borrow more so it can maintain its credit rating.