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

Justin Bieber and Orlando Bloom nearly come to blows

Fresh
bloom

The actor and the troubled pop star reportedly got into an altercation early Wednesday at a party in Ibiza, Spain.

in Entertainment

Paramount apologizes for ‘Ninja Turtle’ 9/11 tweet

Fresh
turtles

The film studio apologized for a poster showing the four "TMNT" characters jumping down from an exploding skyscraper with a Sept. 11 release date.

in Entertainment

Today in entertainment history: July 30

elvis

The Hollywood headlines that made history.

in Music

James Brown biopic revels in drama and dance moves

This image released by Universal Pictures shows Chadwick Boseman, right, and Dan Aykroyd in a scene from "Get On Up."

Chadwick Boseman nails Brown's singular mannerisms and raspy voice in the new biopic "Get On Up."

in Music

Lady Gaga and Tony Bennett celebrate collaboration with concert

Recording artists Lady Gaga, left, and Tony Bennett, attend a Tony Bennett and Lady Gaga concert taping on Monday, July 28, 2014, in New York.

Lady Gaga and Tony Bennett performed tracks from their jazz collaboration Cheek to Cheek ahead of its long-awaited release.