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Macy's on Monday delayed its third quarter earnings release as it conducts an internal investigation into an employee hiding up to $154 million of expenses.An employee responsible for small ...
Macy's still plans to close a total of about 150 underproductive stores, while investing in its 350 current Macy’s locations, through the company's 2026 fiscal year, which ends Jan. 30, 2027 ...
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 ...
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.
Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years.
Macy's stock price fell 10% before the bell on Wednesday. Per Yahoo Finance data , shares are down 25% year to date, compared to the S&P 500's ( ^GSPC ) 28% gain.
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’s ...
From 2015-2016, Macy's netted about $653 million from selling buildings (such as a key San Francisco location) or space in those buildings, according to Yahoo Finance calculations.