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4-Traders Homepage  >  Equities  >  Nyse  >  Target Corporation    TGT

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Target Corporation : Target faces problems with gift cards sold over holidays

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12/31/2013 | 10:48pm CEST

Target Corp, which is dealing with one of the largest ever payment-data breaches in U.S. retail history, said on Tuesday that some of the gift cards it sold over the holiday season were not activated properly.

"We are aware that some Target gift cards were not fully activated and apologize for the inconvenience," Target spokeswoman Molly Snyder said in an e-mail.

The third-largest U.S. retailer promised to honour the gift cards and said fewer than 0.1 percent of the cards sold during the busy season were affected.

Shoppers can bring the cards to the guest service desk at their local Target stores or call 1-800-544-2943 for assistance, Snyder added.

The news came less than two weeks after the company revealed that hackers had stolen data from up to 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season. Target's consumer perception scores dropped to their lowest level since 2007 after the breach, a survey showed.

(Reporting By Dhanya Skariachan; Editing by Cynthia Osterman)

By Dhanya Skariachan

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Financials ($)
Sales 2018 68 886 M
EBIT 2018 3 900 M
Net income 2018 2 230 M
Debt 2018 10 114 M
Yield 2018 4,33%
P/E ratio 2018 13,99
P/E ratio 2019 13,97
EV / Sales 2018 0,59x
EV / Sales 2019 0,60x
Capitalization 30 867 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 60,5 $
Spread / Average Target 8,4%
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Managers
NameTitle
Brian C. Cornell Chairman & Chief Executive Officer
John J. Mulligan Chief Operating Officer & Executive Vice President
Catherine R. Smith Chief Financial Officer & Executive Vice President
Michael E. McNamara Chief Information Officer & Executive VP
Roxanne Schuh Austin Independent Director
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