Target (TGT) Says Network Glitch 'Permanently' Resolved

Target (NYSE: TGT) said a glitch that caused problems with its payment network has been permanently fixed.

Earlier, it was reported that a network device defect hit Target. The defect lasted for four hours and caused backups at checkouts across the U.S. for the retailer.

News comes as Target is working to regain consumer confidence after millions of its credit card users had their accounts hacked late last year.

Shares of target are up 0.3 percent.

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