Can Target See a Turnaround?
T = Trends for a Stock’s Movement
Target operates general stores in the United States as well as online, where it sells merchandise at discounted prices. It operates in three segments: U.S. Retail, U.S. Credit Card, and Canadian. Target’s online presence is designed to enable consumers to purchase products either online or by locating them in one of its stores with the aid of online research and location tools. Groceries, clothing, household items, and general merchandise can be found at Target, making it an efficient shopping experience for consumers throughout the nation.
As Target is seeking to salvage the damage after it confirmed that 40 million credit and debit card holders’ accounts may have been compromised during a security breach, three class-action lawsuits have been filed against the No. 2 U.S. discounter, according to media reports. More than $5 million in damages is being sought in the cases, two of which were filed in California and one in Oregon, USA Today reported.