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Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.
The accounting irregularities prompted the company to delay reporting its full third-quarter results for 2024
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.
A string of federal lawsuits out of Manhattan accuse Combs of sexual attacks dating back to 1995. One alleges Combs orally raped a worker for rival brand Ecko at the Macy's flagship store in 2008.
Macy's shares fell 51 cents, or 3%, to $15.79 in morning trade. Macy's in February said it planned to close 150 stores and lay off more than 2,000 workers amid a pullback in consumer spending.
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 ...
(Reuters) -Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell ...
Struggling retailer J.C. Penney gets hit with another blow, this time for its relationship with Martha Stewart. In an ongoing legal battle between three retail giants the New York Supreme Court ...