Target's Credit Card Breach Is Bad, But Won't Hurt Business Much

For Target and its customers, this is shaping up to be anything but the most wonderful time of the year.

The retailer confirmed Thursday that millions of customers who shopped in stores between Nov. 27 and Dec. 15, the peak shopping period of the year, may have had their credit or debit card information stolen. The news has all the elements of a retail holiday horror story, both for customers and for Target.

"It's an awful time of year for this to come," said Sucharita Mulpuru, a retail analyst with Forrester. "Not only is everyone busy dealing with the holiday season, it's the one time of year where most people are shopping. It's a terrible thing to happen." Read more...