Transcript for Target Data Breach Estimate Increased to 70 Million Customers
Talk about target because as a big surprise in the retailer -- this morning of the data breach a sort of back essentially was what was right for Thanksgiving. Exactly is actually bigger then we first thought first we thought it was forty million customers and might have been the target of this no pun intended. Now the -- -- that data may have been -- from as many as seventy million customers. That's right so it's bigger and it's also broader they not only just took the information from the magnetic strips on cards with the also got into some sort of a system that -- emails and phone numbers and things like that that are clearly not on your credit card -- so it's a bigger number -- -- second story. Is -- having an effect we just a target come out in preannounce in cut their guidance. For their quarterly results at the going to be coming out within the next couple weeks. They lowered their earnings. Growth target by 20%. My friend -- -- a clearance sale. That's way down and they also cut their work is comparable stores are -- same store sales -- -- -- Down to negative two -- -- the so they expect their sales to be down two and a half percent.
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