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)

Latest Stories

in Entertainment

WHAT’S ON: New on Netflix, Amazon & Hulu in September

netflix

September is shaping up to be a good month for streaming some hit movies and the TV series you've been meaning to check out.

in Entertainment

William Shatner working on Leonard Nimoy book

nimoy

"Leonard: A 50 Year Friendship" will hit the shelves next year.

in Entertainment, Sports

Hulk Hogan begs forgiveness, wants back in WWE

22-overlay16

The wrestling icon is pleading with fans for their forgiveness after he was caught on tape using a racial slur, insisting the controversial comments were made at the "lowest point" of his life.

in Music

Justin Timberlake headed to the big screen

Justin Timberlake performing at Philips Arena on Tuesday, Dec. 17, 2013, in Atlanta.

Footage from the singer's 20/20 Experience World Tour is being made into a movie.

in Entertainment

Marvel announces ‘Guardians of Infinity’ comic

17-overlay13

"The Guardians of the Galaxy" adventures will continue in this new comic book, which ties in with the blockbuster film.