By  on August 21, 2014

The news just keeps getting worse at Target Corp., but the beleaguered discounter’s new chief executive officer Brian Cornell isn’t afraid to jump into the fryer.

Target on Wednesday reported sharply lower net earnings, partially as a result of the spiralling costs of its embarrassing data breach last holiday season. The retailer also lowered its full-year profit outlook, showing things aren’t likely to turn around anytime soon.

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