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Business

Target’s profit dips

Published: 27 Feb 2014 - 12:19 am | Last Updated: 27 Jan 2022 - 03:58 pm

Holiday shoppers line up with discounted television sets at the Target retail store in Chicago. Target Corp’s net profit almost halved in the holiday quarter as the third-largest US retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.