Thursday April 25, 2024 | Last Update: April 25, 2024 EDT
Target Corp. has agreed to pay $39 million to banks and credit unions to resolve their claims that they lost money because of the company’s late 2013 data breach, according to a report from Reuters.
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Bruce Dayton, who co-founded Target Corp. with his five brothers, has died of natural causes on Friday at the age of 97, according to a report from The Wall Street Journal. Mr. Dayton, one of the five brothers who turned their family’s Minnesota department-store business in what is now known as Target Corp., was the last surviving brother.
Target Corporation will be closing 13 of its stores across the U.S. on January 31, 2016, according to a report from CNN Money. The retail giant cited falling profits as the reason for the closure of the stores.
Target Corporation has announced in a press release that it will be bringing back its free shipping and return for the holiday season. The company also announced that it has partnered with Borderfree Inc. to offer international shopping and shipping to more than 200 countries and territories.
Target Corp. will be expanding its price-matching policy and match the online prices of 29 retailers, up from five, according to a report from the StarTribune. The change in policy marks a big step for the retail company.
Target Corp. has struck an agreement with Visa, Inc. to pay its card issuers about $67 million in costs incurred from a data breach scandal in 2013, according to a report from The Wall Street Journal.
Target Corp is prepping up this holiday season almost a year after a massive security breach hit the retailer which further hurt the already ailing brand.
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