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Report: Target data breach costs banks more than $200 million
New York -- The costs related to Target's data breach have now exceeded $200 million for financial institutions, according to the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported. The $200 million figure does not include the cost of any a fraudulent activity, which would push the cost of the breach to the industry higher as consumers are not held liable.
The two trade associations said that 21.8 million of the 40 million compromised credit and debit cards have been replaced.
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Build-A-Bear swings to Q4 profit; narrows full-year loss
St. Louis — Build-A-Bear Workshop swing to a profit in the fourth quarter as net income rose to $5.4 million, compared to a loss of $36.5 million a year earlier.
Consolidated net retail sales for the quarter totaled $106.3 million, while operating 28 fewer stores at quarter’s end compared to $116.1 million in the year ago period.
Same-store sales decreased 2.2%, including a 2.8% decline in North America and a 0.1% decline in Europe.