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The October lawsuit accuses Macy's of violating a New York City gender-violence law by covering up an alleged attack by Combs on a male employee at the Herald Square flagship store in 2008.
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.
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 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.
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.
Massachusetts v. Purdue is a lawsuit filed on August 14, 2018, suing the Stamford, Connecticut-based company Purdue Pharma LP, which created and manufactures OxyContin, "one of the most widely used and prescribed opioid drugs on the market", and Purdue's owners, the Sacklers [1] accusing them of "widespread fraud and deception in the marketing of opioids, and contributing to the opioid crisis ...
Macy's has been struggling with flagging sales as consumers increasingly turn from physical retail to e-commerce. In Q2, its sales dropped 3.8% to $4.9 billion while same-store sales declined 4% ...
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 ...