With the holidays right around the corner, retailers are getting geared up for all the sales they’d like to make to end 2014 on a high note. But Target is still dealing with the repercussions of the big data breach from 2013′s holiday season.
A survey released yesterday by CreditCards.com found that 45 percent of customers would “probably not” or “definitely not” shop at retailers that said they had computer breaches. And 48 percent of people said they’ll probably be shopping with cash, which means that they’ll have very fixed budgets. Once the cash is gone, the shopping stops, which will curb spending.
These aren’t good stats for retailers.