Content about Target Corp.

April 9, 2014

Target Corp. is introducing “Made to Matter – Handpicked by Target.”

Minneapolis -- Target Corp. is introducing “Made to Matter – Handpicked by Target.” The collection brings together 17 natural, organic and sustainable brands to introduce new products.

April 4, 2014

All lawsuits relating to the 2013 data breach at Target Corp. will be consolidated before a single court in Minnesota.

Minneapolis – All lawsuits relating to the 2013 data breach at Target Corp. will be consolidated before a single court in Minnesota. The U.S. Judicial Panel on Multidistrict Litigation has assigned all data breach suits to be heard by U.S. District Judge Paul Magnuson in Minnesota.

April 1, 2014

Two U.S. banks have dropped their lawsuit against Target Corp. and its credit card security assessor, Trustwave Holdings Inc.

New York -- Two U.S. banks have dropped their lawsuit against Target Corp. and its credit card security assessor, Trustwave Holdings Inc. The banks had accused Target and Trustwave of failing to properly secure customer data, leading to the retailer’s data breach during last year’s holiday season.

March 31, 2014

Information security firm Trustwave Holdings Inc., which is being sued in connection with the Target Corp. data breach, is denying that it managed data security for Target.

Chicago – Information security firm Trustwave Holdings Inc., which is being sued in connection with the Target Corp. data breach, is denying that it managed data security for Target. In a letter to its business partners and clients, Trustwave CEO Robert McCullen said Trustwave did not monitor the Target data network or process credit card data from the retailer’s customers.

March 26, 2014

A pair of banks has filed suit against Target Corp. and security firm Trustwave, alleging damages suffered after the retailer’s holiday season data breach and accusing Trustwave of failing to identify security gaps.

New York -- A pair of banks has filed suit against Target Corp. and security firm Trustwave, alleging damages suffered after the retailer’s holiday season data breach and accusing Trustwave of failing to identify security gaps.

According to a report by Reuters, which cited the American Banker, Trustmark National Bank and Green Bank N.A. are seeking damages of more than $5 million and named Trustwave Holdings and Target as defendants.

March 18, 2014

Target Corp. will reportedly promote items for sale during an episode of the TV show “Cougar Town” the evening of Tuesday, March 18, with viewers having the option of directly purchasing them via second screen.

Minneapolis – Target Corp. will reportedly promote items for sale during an episode of the TV show “Cougar Town” the evening of Tuesday, March 18, with viewers having the option of directly purchasing them via second screen. According to the New York Times, viewers with a synced mobile device or PC will be able to click on a flashing red signal on the products which takes them directly to Target.com for purchase.

March 14, 2014

Target Corp. acknowledged its security software picked up on suspicious activity after a cyber attack was launched, but it decided not to take immediate action.

New York -- Target Corp. acknowledged its security software picked up on suspicious activity after a cyber attack was launched, but it decided not to take immediate action. The chain also advised that its security breach last year could be even more extensive than reported so far, Reuters reported.

March 13, 2014

Target Corp. reportedly had early notice of the holiday data breach that exposed the personal and financial information of millions of customers but did not act upon it.

Minneapolis – Target Corp. reportedly had early notice of the holiday data breach that exposed the personal and financial information of millions of customers but did not act upon it. According to Bloomberg, a $1.6 million security application called FireEye notified Target of a possible intrusion in to its network, but the retailer failed to respond.

March 11, 2014

Swatch Group SA is suing Target Corp. for illegally selling watches that copy Swatch watches.

New York -- Swatch Group SA is suing Target Corp. for illegally selling watches that copy Swatch watches.

Swatch, in a lawsuit made public on Monday, accused the retailer of infringing its designs for "multi-colored" and "zebra watches." The watchmaker said the quality of the Target watches is inferior compared to its own and that their sale is likely to confuse consumers and hurt Swatch's sales.

March 5, 2014

Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach.

New York -- Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach. The resignation came as Target said it is overhauling its information security practices.

March 4, 2014

The data security breaches at Target and Neiman Marcus have put a white-hot fire under the push for the adoption of microchip-based credit-card technology to replace the traditional (and, many would say, backward) U.S. standard of magnetic strip cards.

The data security breaches at Target and Neiman Marcus have put a white-hot fire under the push for the adoption of microchip-based credit-card technology to replace the traditional (and, many would say, backward) U.S. standard of magnetic strip cards. (The latter store unencrypted customer data on magnetic stripes.) Advocates of the chip cards, which store encrypted customer data on embedded microchips, say their use minimize the risk of data breaches at the POS.

But how exactly do chip-enabled cards work, and how much additional protection do they really offer?

February 26, 2014

Target Corp. saw dramatic year-over-year declines in its net earnings for the fourth quarter and fiscal year 2013, as the negative impact of its massive data breach and damages from its Canadian operations took effect.

Minneapolis – Target Corp. saw dramatic year-over-year declines in its net earnings for the fourth quarter and fiscal year 2013, as the negative impact of its massive data breach and damages from its Canadian operations took effect. The chain warned that continuing costs related to the breach may affect its profits in the first quarter of fiscal 2014.

February 18, 2014

Security staff at Target Corp. reportedly warned management of the risk of a cyber attack before the retailer’s widely publicized November 2013 data breach took place.

Minneapolis – Security staff at Target Corp. reportedly warned management of the risk of a cyber attack before the retailer’s widely publicized November 2013 data breach took place. According to the Wall Street Journal, at least one security analyst at Target recommended the retailer perform a more thorough review of its payment network as early as September 2013.

January 29, 2014

Target Corp. announced that it will continue its Canadian expansion in 2014 by adding another nine locations to the 124 Target stores now open in all 10 provinces.

Mississauga, Ontario -- Target Corp. announced that it will continue its Canadian expansion in 2014 by adding another nine locations to the 124 Target stores now open in all 10 provinces. The majority of the new stores will open in Ontario, with single store additions planned for Quebec, Manitoba, Alberta and B.C.

January 29, 2014

Testifying Wednesday before the Senate Judiciary Committee, U.S. Attorney General Eric Holder confirmed that the Justice Department is investigating the consumer data breach at Target Corp.

New York -- Testifying Wednesday before the Senate Judiciary Committee, U.S. Attorney General Eric Holder confirmed that the Justice Department is investigating the consumer data breach at Target Corp.

"While we generally do not discuss specific matters under investigation, I can confirm the Department is investigating the breach involving the U.S. retailer, Target," Holder said in his statement to senators,.”

January 23, 2014

Target Corp.’s data security breach has already cost all credit unions between $25 million to $30 million.

Madison, Wis. – Target Corp.’s data security breach has already cost all credit unions between $25 million to $30 million. Those numbers are expected to rise in coming weeks as more of the cooperative financial institutions report their costs and as fraud losses are incurred down the road, according to preliminary results of a survey of credit unions by the Credit Union National Association (CUNA).

January 22, 2014

Target Corp. is cutting 475 positions globally, and also will not fill 700 positions that are open worldwide.

New York -- Target Corp. is cutting 475 positions globally, and also will not fill 700 positions that are open worldwide.

“We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business,” Molly Snyder, a Target spokeswoman, said in an e-mailed statement, as reported by Reuters. “We will continue to invest in key business areas to strengthen our ability to compete and thrive well into the future.”

No specific details were given on the job cuts. 

January 22, 2014

Target Corp. is the latest major retailer to announce it will stop offering health insurance to its part-time employees.

Minneapolis – Target Corp. is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1, 2014.

January 21, 2014

Target Corp. notified Canadian shoppers who visited U.S, Target stores between Nov. 27 and Dec. 15, 2013 that some of their personal data may have been compromised in the major data breach that hit the retailer.

Minneapolis – Target Corp. notified Canadian shoppers who visited U.S, Target stores between Nov. 27 and Dec. 15, 2013 that some of their personal data may have been compromised in the major data breach that hit the retailer. According to the Canadian Press, that information includes personal data such as names, addresses, emails and phone numbers, but not financial data.

January 21, 2014

Target Corp. continues to take steps in response to the holiday data breach that may have exposed the personal and financial data of up to 110 million consumers to hackers.

Minneapolis – Target Corp. continues to take steps in response to the holiday data breach that may have exposed the personal and financial data of up to 110 million consumers to hackers. The Wall Street Journal reports that Target shut down remote access to two internal sites in the aftermath of the massive attack.

January 17, 2014

Target Corp. has signed a lease to open a 20,000-sq.-ft. location in Minneapolis that will serve as a test of a new format called TargetExpress, the New York Times reported.

New York -- Target Corp. has signed a lease to open a 20,000-sq.-ft. location in Minneapolis that will serve as a test of a new format called TargetExpress, the New York Times reported. The new unit, considerably smaller than CityTarget’s 80,000- to 125,000-sq.-ft. footprint, would be the chain’s smallest store to date.

January 16, 2014

Target Corp. will reportedly testify about its recent massive holiday data breach in a Congressional hearing in early February 2014.

Minneapolis – Target Corp. will reportedly testify about its recent massive holiday data breach in a Congressional hearing in early February 2014. According to Reuters, a Congressional commerce, manufacturing and trade subcommittee headed by Rep. Lee Terry (R-Neb.) will investigate large data breaches and their effect on consumers.

January 14, 2014

Target Corp. will invest $5 million in a multi-year campaign to educate consumers about cybersecurity and the dangers of phishing scams.

Minneapolis -- Target Corp. will invest $5 million in a multi-year campaign to educate consumers about cybersecurity and the dangers of phishing scams.

January 13, 2014

Following news that luxury giant Neiman Marcus experienced network breaches over the holiday shopping season, similar to those of Target Corp., unidentified sources told Reuters that at least three other attacks on well-known merchants could be revealed in the coming weeks.

New York -- Following news that luxury giant Neiman Marcus experienced network breaches over the holiday shopping season, similar to those of Target Corp., unidentified sources told Reuters that at least three other attacks on well-known merchants could be revealed in the coming weeks.

January 10, 2014

Target Corp. on Friday cuts its profit forecast on the heels of disappointing fourth quarter same-store sales.

Minneapolis -- Target Corp. on Friday cuts its profit forecast on the heels of disappointing fourth quarter same-store sales. The retailer also disclosed that its previously announced data breach involved many more people was much wider than it initially thought.