Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Target Sales Hurt By Data Breach
Feb 27, 2014
 Printable format
 Email this Article
 Search

Retailer Target Corp. said U.S. comparable store sales were down 2.5% in the fourth quarter of 2013, with positive comparable sales prior to its December 19 announcement of a breach of customer data, followed by much softer results following the announcement.

Target's fourth quarter net earnings were $520 million and full-year net earnings were $1,971 million.

"As we plan for the new fiscal year, we will continue to work tirelessly to win back the confidence of our guests and deliver irresistible merchandise and offers, and we are encouraged that sales trends have improved in recent weeks," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation.“

Target's U.S. segment saw 4Q 2013 sales decrease 6.6% to $20.9 billion, from $22.4 billion in 4Q 2012. Segment earnings before EBIT were $1,413 million, down 22.4% from $1,821 million in 4Q 2012.

Full-year 2013 sales were down 0.9% to $71.3 billion from $72.0 billion in 2012. Full-year EBIT was $4,959 million in 2013, down 11.3% from $5,589 million in 2012.

Canadian segment sales in 4Q 2013 were $623 million and EBIT was -$329 million.

Full fiscal year 2013 Canadian Segment sales were $1.3 billion with EBIT of -$941 million.

Back to Daily News

 

Daily News

...........................................................

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

Aug 21, 2014: Canadian Housing Starts Expected to Edge Down

Aug 21, 2014: Panasonic Releases 2014 Sustainability Report

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows