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Data Breach Impacting Target Sales

A data breach that affected millions of Target's customers has hit their bottom line.
A data breach that affected millions of Target's customers has hit their bottom line.

The New York Times reports that it cut their profit by more than 40 percent from the same period the year before.

The company reported net earnings of $520 million in the fourth quarter of 2013. The year before it was $961 million.

This comes at a difficult time for the retailer. Target is already dealing with an shaky expansion in Canada.
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