Target increases number of customers who had personal details stolen to 70MILLION after holiday data breach
- The chain also cut its fourth-quarter adjusted earnings forecast
- Target announced in December that about 40m credit and debit cards may have been affected between November 27 and December 15
Target says that personal information - including phone numbers, email and mailing addresses - was stolen from as many as 70 million customers in its pre-Christmas data breach, substantially more than the 40 million that the chain had previously said were affected.
The chain also cut its fourth-quarter adjusted earnings forecast and outlook for a key sales barometer.
Target had announced in December that about 40 million credit and debit cards may have been affected by a data breach that happened between November 27 and December 15 - just as the holiday shopping season was getting into gear.
Scroll down for video
A Target investigation into the security breach which took place over the busy holiday period showed that the stolen information included names, mailing addresses, phone numbers and email addresses
The retailer said on Friday that the personal information stolen is not a new breach, but was discovered during its ongoing investigation.
Target's shares were down 1.5 percent at $62.40 before the bell on Friday.
The company also cut its fourth-quarter adjusted earnings per share forecast for its U.S. operations to $1.20 to $1.30, from $1.50 to $1.60.
Target said an ongoing forensic investigation showed that certain customer information in addition to payment card data was stolen during the data breach.
The investigation showed that the stolen information included names, mailing addresses, phone numbers and email addresses.
'I know that it is frustrating for our guests to learn that this information was taken and we are truly sorry they are having to endure this,' Chief Executive Gregg Steinhafel said in a statement.
The Minneapolis-based company also forecast a 2.5 percent decline in fourth-quarter same-store sales. It had previously sales to remain flat.
The retailer said on Friday that the personal information stolen is not a new breach, but was discovered during its ongoing investigation
Most watched News videos
- Terrifying moment driver overtakes van and narrowly avoids crash
- Sally Nugent hilariously finds out 'hedgehog' is a hat bobble
- Queen Camilla greets children after traditional Maundy service
- Camilla hands out gifts at Royal Maundy ceremony on behalf of King
- Starmer and Rayner embrace as they launch election campaign
- Three men seen running out of Beckenham station after knife attack
- British man fighting for Putin posts video from Russia online
- 'Satan took over me': Hamas terrorist confesses of raping woman
- Tourist is filmed napping in his tent on the beach with a crocodile
- Hilarious moment King's Guard shout 'make way' at pigeons in London
- Russian plane spiralling out of control crashes in sea in Crimea
- Police tape off Kennington station after 'multiple stabbings'