Target's Bottom Line Hurt By Holiday Hacking

The retailer says security breach of customers' personal information has cost them $61 million.
3:00 | 02/26/14

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Transcript for Target's Bottom Line Hurt By Holiday Hacking
-- but those retail numbers of course target released. There earnings and the net profit chopped in half during a holiday quarter -- the massive data breach. Despite the loss the stock was up in the premarket trading though explain this. Well there you go that that's those weak numbers again the market if you just look at the data should be terrible this target corder. My goodness I -- cut my teeth at target and as a retail analyst I tell you what. That was about the Merck used is used for I've ever seen issue being a technical term meaning not very good. I don't wanna get all -- jargon they're smarting but it was if she it was meant. And I'll tell you why does because they blame the weather globally bit they -- sales and candidate -- their credit cards. They blamed everything except Canada winning the gold medal in -- tournaments but I -- acts -- the -- but the stock is doing OK and we've also seen similar results from Abercrombie & Fitch. Barnes & Noble was okay today so when things aren't quite as bad as the apocalypse and that's good enough for this consumer stocks. Which have been lagging the market for a while now to receive a little catch a ball going on that sector today.

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