Business
Target Chief Executive Gregg Steinhafel is leaving the retailer after a massive data breach during the critical holiday season jeopardized the personal information of up to 110 million customers and caused the company’s sales to plunge.
May 5, 2014
Gregg Steinhafel has decided to step down less than five months after hackers gained access to as many as 70 million accounts.
NEW YORK — Target’s massive data breach has now cost the company’s CEO his job.
A day after Target confirmed a massive data breach, Chief Executive Gregg Steinhafel is trying to get customers back into stores during the busy pre-Christmas weekend by extending an offer for free credit monitoring and a 10% discount.
Dec. 20, 2013
Target CEO promises free credit monitoring, 10% discount after breach
Target CEO Gregg Steinhafel is leaving the company in the wake of a massive data breach that exposed the personal information of up to 110 million customers during the holiday season last year.
Results were boosted a year earlier by the sale of its Mervyns chain. Also, Kohl’s profit rises 15%.
Nov. 11, 2005
Entertainment & Arts
RETAILERS DON’T USUALLY threaten to retaliate against suppliers for selling an inferior product to competitors at a lower price.
Oct. 10, 2006
Target Corp. expects to add more than 600 stores within the next five years, giving it a total of about 2,000 stores, executives said.
May 19, 2005
Shares of Target Corp., the second-largest U.S. discount chain, fell after the company said it was planning for a modest decrease in fourth-quarter comparable-store sales.
Nov. 18, 2009