News

Target offers credit monitoring, discounts in wake of massive data theft

Target offers credit monitoring, discounts in wake of massive data theft

ATTENTION TARGET SHOPPERS: The retail giant is trying to reassure customers after a major security breach. Photo: Associated Press

(Reuters) – In the wake of a massive data breach, Target Corp suffered reduced customer traffic over one of the busiest shopping weekends of the year, the Wall Street Journal reported.

The number of transactions at Target fell 3 to 4 percent compared with last year’s final weekend before Christmas, while, transactions at other retailers were strong, the Journal said, citing estimates by retail consultancy Customer Growth Partners LLC.

Target said on Thursday that hackers had stolen data from as many as 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season.

At least 2 million shoppers who used bank debit cards at Target stores during its recent data breach are facing lower limits on how much cash they can take out of teller machines and spend at stores.

“This is the worst possible time something like this could happen,” Craig Johnson, president of Customer Growth Partners told the Journal. (http://link.reuters.com/zyg65v)

The consultancy firm estimates that U.S. retail sales on Saturday totaled $17 billion, exceeding those on Black Friday by $2 billion, according to the paper.

A Target spokeswoman declined to comment to the Journal specifically on this weekend’s results, saying the retailer reports sales on a quarterly basis.

Target could not immediately be reached for comment by Reuters outside of regular U.S. business hours.

(Reporting by Sakthi Prasad in Bangalore; Editing by Supriya Kurane)

Recent Headlines

in Entertainment, Lifestyle

Kirsten Dunst criticizes Apple over naked photo leak

Updated
Kirsten Dunst arrives at the 'Charles James: Beyond Fashion' Costume Institute Gala at the Metropolitan Museum of Art.

Kirsten Dunst was among a number of celebrities targeted by a hacker who published reams of explicit personal pictures on the Internet.

in Entertainment, Sports

Carrie Underwood expecting her first child

underwood

Singer Carrie Underwood and her pro hockey player husband Mike Fisher are expecting their first child.

in Trending, Viral Videos

TODAY’S MUST SEE: Boy’s hilarious reaction to baby news

19-overlay3

This little boy is NOT excited about being a big brother again, but his reaction is priceless.

in Entertainment

Special showcases ‘Frozen’ behind the scenes

Frozen Anna Olaf

Disney says tonight's special will include an "exciting announcement" about the next chapter of “Frozen."

in Entertainment

Today’s celebrity birthdays

sela

See which celebrities will be blowing out candles today.