Target US slashes profit outlook

  Target Corp has slashed its annual profit outlook for the second time in three months as the retailer continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the US. The nation’s third largest retailer also said on Wednesday that its second quarter earnings dropped 61.7 per cent. Excluding expenses related to the data breach, the results were a penny short of Target’s reduced estimate issued earlier this month. The red

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