The fallout over the security breech that resulted in the theft of credit information for an estimated 40 million Target shoppers continues. CBS News is reporting that consumer reaction to their response to the theft was not encouraging. Many have avoided shopping at Target, canceled their Target credit cards, and may even be planning to sue the company.
Target says it has learned of some incidents of scam emails related to its recent data breach and is setting up a section of its corporate website to post copies of all official communication. The company says it is aware of “limited instances” of scam emails. Spokeswoman Molly Snyder says the company doesn’t have any other specifics to provide about the fake emails.
The U.S. Justice Department is now involved in the data breach at Twin Cities-based Target Corporation. Sen. Amy Klobuchar says it’s an indication that officials must be onto whomever committed the crime.
Target Corp. is increasing its quarterly dividend by 19.4 percent. The Minneapolis-based retailer on Wednesday declared a quarterly dividend of 43 cents per share, up from 36 cents per share. The dividend is payable Sept. 10 to shareholders of record as of Aug. 21.
Target Corp. said Tuesday that its pledge to match prices of select online rivals this past holiday season is now a year-round promise.
Three years ago, virtually no stores were open on Thanksgiving Day. This year, Walmart, Sears, Kmart, and Toys ‘R’ Us will open at 8 p.m. Target will open an hour later at 9 p.m.
Target Corp. says the head of its online business has left the company.