Target has lowered its second-quarter forecast citing the - TopicsExpress

Target has lowered its second-quarter forecast citing the promotional discounts it had to use to attract shoppers. The Minneapolis-based retailer also said Tuesday it expects gross expenses tied to a massive data breach this past winter to come to $148 million in the period, which will be offset by $38 million in insurance. It also paid $1 billion to retire $725 million in debt. READ MORE: cbsloc.al/1oxjuZy

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