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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 CET

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 2017 69 847 M
EBIT 2017 5 180 M
Net income 2017 2 903 M
Debt 2017 10 487 M
Yield 2017 3,02%
P/E ratio 2017 15,75
P/E ratio 2018 13,98
EV / Sales 2017 0,77x
EV / Sales 2018 0,77x
Capitalization 43 234 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 77,2 $
Spread / Average Target 0,29%
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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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