I don't think it will impact TGT anytime soon; however, there are a lot of consumers refusing to shop there again. It will be interesting to see the PR campaign TGT launches. If they nip this in the butt then expect the earnings report in the 2nd quarter to be bad.
I don't know about anyone else, but its not a good idea to #$%$ off your customers when there are a lot of other alternatives to choose from. This is going to cause a lot of extra grief for a lot of people. No stopping this. Target still has not come clean on the cause. I would think they will go silent until they are compelled to reveal the cause because of the potential class action law suits that will surely follow.
will you scan your ATM card at a Target store right now? look at their facebook page and read the comments. People are furious, their call center went down and was hanging up on people after they were on hold for an hour or more, also their website was down yesterday so nobody could check their card activity. Others have a Target checking card.
No i totally get it. It's horrible for Target. I'm just saying that their loses won't be really known to investors until the Q1 or Q2 earnings report comes out. Because of that I don't expect it to tank anytime soon.