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  2. Macy's tightens financial controls after employee covered up ...

    www.aol.com/macys-offers-mixed-outlook-reporting...

    Macy's earned $28 million, or 10 cents per share, for the three-month period ended Nov. 2. That compares with $41 million, or 15 cents per share in the year-ago period.

  3. Nine arrested in statewide organized retail theft ring ... - AOL

    www.aol.com/news/nine-arrested-statewide...

    Hundreds of thousands of dollars in merchandise was stolen from Macy's, Lululemon, JCPenney and other stores throughout California, authorities say Nine arrested in statewide organized retail ...

  4. Macy's delays earnings to complete investigation into a ... - AOL

    www.aol.com/macys-delays-earnings-complete...

    Macy's stock price fell as much as 4% in premarket trading on Monday. The company was due to report its earnings on Tuesday; it said the release is now planned for December 11 as it completes its ...

  5. Macy's $132 million mystery has auditing experts scratching ...

    www.aol.com/macys-132-million-mystery-auditing...

    Macy's said an employee intentionally made accounting errors totaling $132 million to $154 million. Auditing experts told BI the available evidence suggests a failure of internal accounting controls.

  6. Macy’s sounds the alarm on credit card delinquencies - AOL

    www.aol.com/finance/macy-sounds-alarm-credit...

    Macy’s is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on consumers.

  7. Macy’s employee responsible for a $151 million accounting ...

    www.aol.com/finance/macy-employee-responsible...

    Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee. The employee, who no longer works for Macy ...

  8. Macy’s says employee hid up to $154 million in expenses ...

    www.aol.com/macys-says-employee-hid-154...

    Macy's so-called First 50 stores – which are the ones Macy’s has renovated and put more effort into with extra customer service — produced a comparable sales gain of 1.9% in the latest quarter.

  9. Macy's big warning on credit cards a big problem for some ...

    www.aol.com/finance/macys-big-warning-credit...

    Lejuez's math pegs Macy's credit card business representing 49% of its operating profits in 2022, up from 35% in 2021. Pre-pandemic in 2019, the business made up 58% of Macy's operating profits.