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A $50 Million Glitch? Target Takes a Hit From Register Outage
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The impact of Target Corp.’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst.
Target’s registers went down for about two hours on Saturday across the chain, stemming from what the company called an “internal technology issue” that left some shoppers frustrated and venting on social media.