Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small ...
Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of ...
Macy's Cuts Adjusted Profit Forecast, Shares Fall 7%
(Reuters) - Macy's on Wednesday cut its annual profit forecast, as it struggles with increased promotions during the holiday ...
Activist investor group pushes Macy's to consider options for Bloomingdale's
The group said Macy's board lacks the "knowledge, vision and desire" to extract the maximum value of its real estate assets, ...
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Activist investors urge Macy's to create a real estate unit among other changes to boost stock
Macy's CEO Tony Spring took the helm Feb. 4 and then later that month he announced a plan to close 150 stores. It also announced plans to upgrade 350 stores, with plans to add more salespeople to ...
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Macy’s, Inc. to Report Third Quarter 2024 Results on December 11, 2024
The call will be hosted by Macy’s, Inc.’s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell. The general public and the ...
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Macy's is claiming a lack of serious impact after an independent investigation determined that an employee had hid $151 ...
Macy’s increases its list of doomed locations to 65 stores by the end of January 2025
With its net sales down 2.4% year over year, the retail giant is closing even more underperforming stores, Macy’s shared in ...