Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

US Target lowers forecast

  Target has lowered its second quarter forecast citing the promotional discounts it had to use to attract shoppers. The Minneapolis-based retailer also said on Tuesday it expects gross expenses tied to a massive data breach this past winter to come to $US148 million ($A160 million) in the period, which will be offset by $US38 million in insurance. It also paid $US1 billion to retire $US725 million in debt. Target Corp has been reeling since it announced in December that hackers stole milli