Most Recent Articles In Fashion Scoops
Latest Fashion Scoops Articles
- CorePower Yoga CEO Amy Shecter Helps to Launch Yoga on the Rocks
- Mark G. Parker's Total Pay at Nike Declines
- No Merger for Destination Maternity
More Articles By
TARGET’S DEBT RATING CUT: Ratings agency Standard & Poor’s has cut the debt rating of Target Corp. by one notch to “A” from “A+,” and the outlook is “stable.” Target in recent months has been dealing with issues surrounding its data breach that resulted in reduced traffic, impacting overall profitability at the discounter.
The agency said it expected a “lingering effect” on customer traffic through the first half of 2014, adding too that expenses related to the breach are likely as well.
In addition, Target’s Canadian operation tallied bigger-than-expected losses in the fourth quarter.