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A $50 Million Glitch? Target Takes a Hit From Register Outage

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

The impact of Target Corp.’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst. Target’s registers went down for about two hours on Saturday across the chain, stemming from what the company called an “internal…

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