Christmas 2012, big money loss on stupid collaboration with Neiman-Marcus.
Big losses with Canadian expansion with no end in sight.
Christmas 2013, data breach, no insurance to cover those losses, customer service overwhelmed, no contingency planning, gift cards not activated, online delivery issues, people getting screwed on exchanges because they had to cancel the cards that Target let get stolen, buzz ratings in the negatives.
Looks like it is all going to come out of their cash. That's going to hurt. Now they can expect shareholder suits in addition to the class action for lack of due diligence. Maybe the howler monkeys running this company will finally be on the way out.