Target manages to squeak out a decent quarter despite the brutal winter that has plagued most retailers for the first quarter. Target achieved its sales by discounting heavily, which cut into gross margins.Target also confessed that it had no idea how much the data breach from last year would cost it going forward. The Canadian business has given the company a headache, which is has addressed by a change in management. Investors seemed willing to give Target a chance to recover from the big hacking event and over come the problems experienced in Canada.
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