Target's Plans To Protect Its Bottomline May Get Hindered By A Probable Wage Hike

It has been reported that the company may raise its minimum wage to $9 an hour, following the footsteps of Wal-Mart. This could well increase Target's wage related expenses, offsetting the effects of its cost saving efforts. Also, the company is planning to pay $10 million for the settlement of a lawsuit related to the infamous 2013 data breach. This will also have a small negative impact on the retailer's profits in the near term.